Mitchells offers 567,531 unsubscribed shares to CCL Holdings after Rs500 million right issue

Mitchells Fruit Farms Limited has decided to offer 567,531 unsubscribed shares to CCL Holdings Pvt. Limited following the partial subscription of its Rs500 million right issue.

According to board resolutions passed on April 16, 2026, the company had issued 2,777,778 right shares at Rs180 per share, raising a total targeted amount of Rs500,000,040.

As of the subscription deadline on April 9, 2026, investors subscribed to 2,210,247 shares, resulting in proceeds of Rs397,844,460.

The remaining 567,531 shares, valued at Rs102,155,580, were left unsubscribed.

The board, under provisions of the Companies Act, 2017, approved offering these unsubscribed shares to CCL Holdings Pvt. Limited at the same price of Rs180 per share.

The company stated that upon full subscription, the allotment of all 2,777,778 shares will be completed in favour of respective subscribers.

The board also authorised the chief executive officer, chief financial officer, and company secretary to complete the right issue process, including allotment, regulatory filings, and related actions.

The move is part of the company’s efforts to complete the capital raising process in line with regulatory requirements and ensure full subscription of the issue.