| Issue Value | ₹16.99 CrRights Issue Total |
|---|---|
| Market Cap | ₹106.23 CrSmall Cap |
| Promoter Holding | 95.0%Latest Qtr |
| 1-Year Return | 2897.78%Price Growth |
| Execution period | Rights issue opens 23 November 2026 and closes 30 November 2026 |
| Deal value | ₹16.99 Cr |
| Share of market cap | 16.0% |
Key highlights
- Rights issue size confirmed at ₹16.98 crore involving 42,52,500 equity shares
- Issue price set at ₹39.95 per share including a premium of ₹29.95
- Entitlement ratio of 54 rights shares for every 10 shares held by eligible investors
- Record date for determining eligibility fixed for Friday, November 13, 2026
- Subscription period scheduled from November 23 to November 30, 2026
Board Finalizes ₹16.99 Crore Equity Infusion
The Board of Directors of Kanel Industries Ltd met on October 30, 2026, to approve the final terms of a rights issue aggregating to ₹16,98,87,375. The company will issue 42,52,500 fully paid-up equity shares at a face value of ₹10 each. The issue price is fixed at ₹39.95 per share, representing a significant portion of the company current market capitalization of ₹106.23 crore.
This capital raise represents approximately 16 percent of the total market value. Post-issue, the total outstanding equity shares will increase from 1.57 crore to 2 crore, assuming full subscription by the eligible shareholders.
Subscription Timeline and Entitlement Details
- Record Date for eligibility is Friday, November 13, 2026
- Rights Issue Opening Date is Monday, November 23, 2026
- Last Date for On-Market Renunciation is Thursday, November 26, 2026
- Rights Issue Closing Date is Monday, November 30, 2026
- Ratio of 54 Rights Equity shares for every 10 existing shares held
- Payment of ₹39.95 per share is due on application
Operating Background and Financial Standing
The fundraise arrives while the company operations remain suspended, with nil operating revenue reported for the quarter ended June 30, 2026. Kanel Industries posted a net loss of ₹0.09 crore for the recent quarter, widening from previous periods. Despite the lack of operational revenue, the stock has witnessed a one-year price surge of over 2897 percent.
The company holds a high promoter stake of 95 percent, with no institutional or foreign investment reported. Earlier, the company had established a trading channel with Liladhari Agrind Pvt Ltd for goods trading worth up to ₹300 crore through September 2028.
What to watch next
- Filing of the final Letter of Offer with BSE and SEBI by November 2026
- Ex-rights price adjustment on the stock exchange prior to November 13, 2026
- Rights issue opening for subscription on November 23, 2026
- Allotment of rights shares following the issue closure on November 30, 2026
| Share price | ₹67.45 |
|---|---|
| Market capitalisation | ₹106.23 Cr |
| Revenue (annual) | ₹0.00 Cr |
| Net profit (annual) | -₹0.48 Cr |
| Revenue (latest quarter) | ₹0.00 Cr |
| Net profit (latest quarter) | -₹0.09 Cr-445.16% vs previous quarter |
| P/E (TTM) | -216.67×Sector 45.22× |
| Promoter holding | 95%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Kanel Industries Ltd announcing the approval of terms and timeline for its ₹16.99 crore rights issue. Market figures from a third-party data provider.
