S. M. Gold Ltd — Important, 17-02-2026: Company Update

S.M. Gold Ltd. announced its Board of Directors approved the Draft Letter of Offer for a rights issue. The company plans to issue up to 26,475,024 fully paid-up equity shares, each with a face value and issue price of ₹10, aggregating up to ₹26.48 Cr. Shareholders will be eligible for two rights shares for every one share held. This fund-raising initiative will significantly increase the company's outstanding equity shares from 13,237,512 to an estimated 39,712,536, assuming full subscription. The detailed terms will be specified in the Letter of Offer.