Shanti Gold International Limited moves to reshape its capital structure

The promoter shareholding percentage change cannot be determined from the allotment filing alone. The filing reports that total equity shares increased from 7,20,96,000 to 7,67,39,471 after allotment of 46,43,471 rights shares, but it does not report promoter-wise allotment, post-issue promoter holdings, or their entitlement. ^[1]

• If promoters subscribed to their full entitlement: their percentage holding would remain broadly unchanged.
• If they subscribed to less than their entitlement or did not participate fully: their percentage holding would decline due to dilution.
• Promoter subscription: the filing does not establish whether the promoters subscribed to their full entitlement; a post-issue shareholding pattern or rights-issue subscription detail is required.

For reference, the total share count increased by approximately 6.44%, calculated as 46,43,471 divided by the pre-issue 7,20,96,000 shares. ^[1]

Record-date discount: The exact discount cannot be calculated from the cited market-price data. The rights issue was priced at Rs 215 per share, with 6 August 2026 as the record date ^{[1] [2]}. The only reported market price is Rs 264.3 on 21 August 2026, after the record date ^[3]. Therefore, the record-date discount requires the 6 August closing price:

`Discount = (record-date market price − Rs 215) / record-date market price`

For reference only, using the 21 August price as a proxy gives a discount of 18.65%, but this is not the record-date discount.

Equity-base and capital-raising cadence: The allotment increased paid-up equity shares from 72,096,000 to 76,739,471, adding 4,643,471 shares, or 6.44% on the pre-issue base ^[1]. The cited public-issue history identifies the July 2025 IPO, which issued 18,096,000 fresh shares, as the equity raise within FY24-FY26 ^[3]. The rights issue is the next documented public raise, completed in August 2026 ^[1].

Thus, the company has executed two public equity raises in roughly 13 months, although only the IPO falls within the last three completed fiscal years; the rights issue belongs to FY27. The recent cadence is therefore higher than the prior three-year public-issue frequency, but the current rights issue itself represents a relatively modest 6.44% expansion of the pre-issue share base.