Bhandari Hosiery to explore significant equity fundraise to boost working capital

Bhandari Hosiery Exports Limited has announced its board of directors will convene on Friday, January 2, 2026, to discuss raising long-term equity funds. The company aims to secure up to INR 50 crore through a rights issue, primarily to strengthen its working capital.

The meeting will also address the formation of an empowered rights issue committee, tasked with the efficient execution of the rights issue, adhering to SEBI (ICDR) Regulations as amended in April 2025.

Further decisions regarding the terms of the rights issue and the appointment of intermediaries will also be considered by the board. The announcement was communicated by Shilpa Tiwari, company secretary & compliance officer.