Monday, 24 August 2026 07:15 AM
Company Update
VADODARA, IN / ACCESS Newswire / August 24, 2026 / Ratnaveer Precision Engineering Limited has approved a ₹330 crore Rights Issue of 1,24,99,669 equity shares at an issue price of ₹264 per share, including a premium of ₹254 per share.
Rights Issue at a Glance
Particular | Details |
Issue Size | 1,24,99,669 Equity Shares |
Issue Amount | Approximately ₹330 Crore |
Issue Price | ₹264 per Equity Share |
Face Value | ₹10 per Equity Share |
Premium | ₹254 per Equity Share |
Rights Entitlement | 7 Equity Shares for every 40 Equity Shares held |
Record Date | August 26, 2026 |
Issue Opening Date | To be announced |
The announcement comes amid strong momentum in the Company's shares. Ratnaveer touched an all-time and 52-week high of ₹282.50 during trading on August 21, 2026. The stock has delivered about 55% return over the past one month.
CCL Project: A Strategic New Growth Engine
A key focus of Ratnaveer's expansion strategy is its Copper Clad Laminate (CCL) manufacturing project in Vadodara, Gujarat. The project has received approval under the Central Government's Electronics Component Manufacturing Scheme (ECMS) and is being developed as India's first fully integrated high-volume CCL manufacturing facility.
The project is approximately 60% complete, with the first production line targeted for commercial operations by November 2026. The Company has stated that civil construction, machinery procurement and installation are progressing as planned.
Ratnaveer is among the select companies receiving government support for CCL manufacturing, alongside Wipro, positioning both companies at the forefront of India's emerging domestic CCL ecosystem.
The CCL opportunity is particularly significant as the material is a critical input for printed circuit boards and India remains heavily dependent on imports. Ratnaveer's project is therefore aimed at creating domestic manufacturing capacity and supporting import substitution.
Management Commentary
Commenting on the Company's growth outlook, Mr. Vijay Sanghavi, Managing Director & CFO, Ratnaveer Precision Engineering Ltd., said:
"We have begun FY27 on a positive note with continued momentum across our core business and encouraging progress on our strategic initiatives. The progress achieved on our Copper Clad Laminate project, together with the upgrade in our Infomerics credit ratings, regulatory approvals and industry recognition received during the quarter, reflects the strength of our business fundamentals. We remain committed to delivering sustainable growth through operational excellence, strategic investments and innovation while contributing to India's evolving manufacturing ecosystem."
In an earlier earnings call, the management outlined a ₹2,500 crore revenue target over the next three years, with the existing stainless steel business targeted to reach approximately
₹1,800 crore and the CCL business expected to contribute around ₹750 crore as it scales.
Strong Operating Performance
Ratnaveer has also started FY27 with strong financial momentum:
Particulars (₹ in Crore) | Q1 FY27 | Q1 FY26 | YoY Growth |
Revenue from Operations | 318 | 265 | 20% |
EBITDA | 36 | 27 | 33% |
EBITDA Margin (%) | 11.3% | 10.0% | +130 bps |
Profit After Tax (PAT) | 18.2 | 15.0 | 21% |
The proposed Rights Issue is expected to further strengthen the Company's capital base and support its expansion and strategic initiatives as Ratnaveer moves towards the commissioning of its CCL facility.
Contact Details:
https://ratnaveer.com/
[email protected]
+91 97655 65425
Ratnaveer Precision Engineering Limited
Disclaimer: This article is for informational purposes only and should not be construed as investment advice or a recommendation to buy, sell or subscribe to the Rights Issue.
SOURCE: Ratnaveer Precision Engineering Limited