Dr Lalchandani Labs Ltd — Important, 21-01-2026: Company Update
21-01-2026 | 10:52 pm
21-01-2026 | 10:52 pm
Dr Lalchandani Labs announced a Rights Issue of 43.32 lakh shares at ₹10 each, aiming to raise ₹4.33 Cr. Investors will get 1 new share for every 1 held. Proceeds will primarily fund working capital, settle specific outstanding borrowings, and adjust a portion of promoter loans. This capital raise is essential for financial stabilization, especially as the company navigates auditor observations regarding non-performing assets, unpaid statutory dues, and non-provisioning for employee benefits. The move addresses critical liquidity challenges and aims to enhance business continuity.
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