Vadodara:
Ratnaveer Precision Engineering Limited today announced that its Rs 329.99 crore Rights Issue has closed with an overall subscription of 1.11x times, reflecting [strong/steady] participation from eligible shareholders and Rights Entitlement (RE) holders.
The Rights Issue comprised 1,24,99,669 fully paid-up equity shares at Rs 264 per share, in the ratio of 7 Rights Equity Shares for every 40 shares held as on the Record Date of August 26, 2026. Basis of allotment will be finalised on September 10, 2026, with shares credited to demat accounts and listing on the NSE and BSE on September 15, 2026. MUFG Intime India Private Limited is the Registrar to the Issue.
The Rights Issue proceeds, along with a broader Rs 650 crore funding package, are earmarked to support Ratnaveer's Rs 472.34 crore Copper Clad Laminate (CCL) project in Vadodara - the company's strategic entry into the electronics materials value chain, beyond its core stainless steel business. The plant is roughly 60% complete, with commercial production targeted for November 2026, and machinery, technology partnerships and the core operating team are reported to be in place ahead of ramp-up. The project has received approvals under the Government of India's ECMS scheme and Gujarat's Electronics Policy.
● NANYA has announced a fresh 20-25% CCL and prepreg price hike effective September, on top of already-rising costs.
● Kingboard's FR-4 laminate prices have risen more than 50% cumulatively so far this year.
● Shengyi Technology's H1 2026 results show CCL and adhesive-sheet revenue up 47.74% YoY to RMB 12.357 billion, with CCL gross margins expanding to 29.16% - direct evidence of how pricing power is translating into stronger industry profitability.
● Upstream inputs - electronic glass fabric, HVLP copper foil, and PPO resin - remain in tight supply, with several producers running fully booked capacity.
● A possible additional 7.5% U.S. tariff on Chinese electronics materials could add further cost pressure across the global supply chain.
About Ratnaveer Precision Engineering Limited
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