Nagpur-Based Printing & Packaging Company Hits Upper Circuit; Announces Rs 49.28 Crore Rights Issue
Sagar DSIJ / 15 May 2026 / Categories: Mindshare, Trending
Shares Hit Upper Circuit As Company Launches Rights Issue At Rs 20 Per Share
Shakti Press shares hit the Upper Circuit on Friday after the company announced the launch of its Rs 49.28 crore rights issue aimed at funding expansion plans and strengthening its financial position. The stock rose 4.66 percent to Rs 28.10 after touching an Intraday high of Rs 28.12. Trading activity also remained strong, with volumes at 0.59 lakh shares compared to the 30-day average volume of 0.22 lakh shares, reflecting increased investor participation in the counter.
The rights issue opened for subscription on May 7, 2026 and will remain open till May 29, 2026. The company has priced the issue at Rs 20 per share and is offering shares in the ratio of 7 rights equity shares for every 1 fully paid-up equity share held by eligible shareholders. The last date for on-market renunciation of Rights Entitlements is May 25, 2026.
The rights issue comprises up to 2,46,41,400 fully paid-up equity shares with a face value of Rs 10 each, aggregating to Rs 49.28 crore. According to the company, the proceeds from the issue will be utilised towards growth initiatives, expansion plans, and improving operational capabilities in the printing and packaging business.
Q3FY26 Performance Of Shakti Press
For the nine months ended FY26, the company reported total revenue of Rs 12.72 crore, operating profit of Rs 2.26 crore, and net profit of Rs 73.25 lakh. The operating profit margin stood at 18.15 percent during the period. The company reported net worth of Rs 18.27 crore and reserves and surplus of Rs 14.75 crore for FY25.
Management Commentary:
Raghav Kailashnath Sharma, Managing Director of the company, stated that the rights issue marks an important step in strengthening the company’s financial position and accelerating its expansion journey. He added that the company aims to enhance operational efficiencies and create long-term value for shareholders through the proposed fund raise.
About the Company:Nagpur-based Shakti Press operates in the printing and packaging industry and manufactures cartons, labels, stickers, corrugated boxes, wrappers, brochures, and customised print solutions. The company also operates an in-house ink manufacturing facility and a paper stationery division catering to domestic and export markets.
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Disclaimer: This article is for informational purposes only and not investment advice.