Sunshield Chemicals announces ₹12.99 bn rights issue

Sunshield Chemicals Limited will issue up to 1,441,776 fully paid-up equity shares at ₹901 per share, including a premium of ₹891 per share, to raise approximately ₹12,990.41 lakhs. The rights entitlement ratio is set at 10 new equity shares for every 51 existing shares held on the record date of September 24, 2025. The issue is scheduled to open on September 30, 2025, and close on October 24, 2025.

The net proceeds from the issue, estimated at ₹12,849.03 lakhs, will primarily be allocated towards repaying existing borrowings (₹9,764.00 lakhs) and for general corporate purposes (₹3,085.02 lakhs). The company emphasizes its strong market position and long-standing customer and supplier relationships as key qualitative factors supporting the issue. Sunshield Chemicals is in compliance with SEBI ICDR Regulations and has received in-principle approval from BSE for listing.