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Rossell Techsys to allot equity shares to SBI-affiliated entities via preferential allotment
22-Sep-2026, 04:56
Rossell Techsys Limited plans to offer 25,72,898 equity shares through a preferential allotment to Qualified Institutional Buyers, primarily entities affiliated with State Bank of India, including SBI Mutual Fund schemes and SBI Optimal Equity Fund. The allotment, which will dilute existing equity by 6.39%, is subject to shareholder approval via a Special Resolution at an Extraordinary General Meeting and is expected to be completed within 15 days of that approval. The shares will be held under a six-month lock-in period, and the process will adhere to SEBI’s ICDR and LODR regulations. The company confirmed it has no outstanding dues and its promoters and directors are not classified as wilful defaulters or fugitive economic offenders.