Sunshield Chemicals Ltd — Important, 17-09-2025: Company Update

Sunshield Chemicals has announced a board meeting for a rights issue to raise up to ₹129.90 Crore. Shareholders can subscribe to 10 new shares for every 51 existing shares at ₹901 per share. The company plans to use ₹97.64 Crore of the net proceeds to repay borrowings, aiming to reduce debt and servicing costs. The remaining ₹30.85 Crore is allocated for general corporate purposes, supporting business growth and expansion. Promoters intend to fully subscribe to their entitlement and potentially more, showing confidence. This strategic move aims to strengthen the company's financial health.