Hey Harsh, Sharat Industries has received approval for rights issue from BSE the details of which are yet to come out, the size of the rights issue is 49cr which seems quite big considering their market cap of around of 110cr. On their website a draft is available and they want to raise money for working capital purpose. Do you have any insight related to this requirement?
Also I was going through their history and found that they were penalised by SEBI for not appointing a compliance officer and for not disclosing shareholding after preferential allotment.
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