Crescentis Capital Ltd shares jump 3.32% as rights issue terms approved by Fund Raising Committee
Why did Crescentis Capital Ltd shares jump today?
Crescentis Capital Ltd shares jumped 3.32% on Thursday, with the stock trading at ₹104.35 as of 02:44 PM. The surge came after the company announced the outcome of its Fund Raising Committee meeting, held under Regulation 30 and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The committee, which met from 12:00 PM to 12:45 PM on October 29, 2026, approved the final terms of the company's upcoming Rights Issue, boosting investor sentiment significantly.
The Fund Raising Committee approved the issuance of 1,02,08,129 Rights Equity Shares of ₹10 each for a total amount aggregating ₹79.62 crore (approximately ₹79,62,34,062). This development follows the in-principle approval received from BSE Limited on October 23, 2026, and a prior intimation shared on October 25, 2026. The Rights Issue terms have been laid out in compliance with the Companies Act, 2013, SEBI (ICDR) Regulations, 2018, and other applicable laws, marking a significant step in the company's capital-raising plans.
Formerly known as Som Datt Finance Corporation Limited, Crescentis Capital Ltd (Scrip Code: 511571) is tapping its existing shareholders to raise fresh capital through the Rights Issue. The clear approval of the Rights Issue terms signals that the fund-raising process is moving forward smoothly, which appears to have given investors the confidence to push the share price higher during today's trading session.
What does Crescentis Capital Ltd do?
Crescentis Capital Limited, formerly known as Som Datt Finance Corporation Limited, is a publicly listed company with its shares traded on BSE Limited under Scrip Code 511571. The company operates within the financial services sector and is subject to the regulatory framework of the Securities and Exchange Board of India, including the Listing Obligations and Disclosure Requirements Regulations and the Issue of Capital and Disclosure Requirements Regulations, as well as the Companies Act, 2013.
The company carries out fund-raising activities through a dedicated Fund Raising Committee of its Board of Directors. This committee convenes to deliberate on and approve capital-raising matters, including the issuance of securities such as rights issues, for which the company secures in-principle approval from BSE Limited as part of its compliance and governance process. Crescentis Capital Limited maintains active engagement with the capital markets and adheres to SEBI disclosure and listing obligations as part of its ongoing financial operations.
Crescentis Capital Ltd Financials
In CroresCrescentis Capital Ltd recorded revenue of ₹1.66 Crores in the quarter ending March 2026, which declined to ₹1.2 Crores in the quarter ending June 2026, representing a quarter-on-quarter revenue decline of approximately 27.7%. On the profitability front, the company posted a net loss of ₹7.35 Crores in the March 2026 quarter but delivered a significant turnaround in the June 2026 quarter, reporting a net profit of ₹7.82 Crores — a swing of over ₹15 Crores. While the top-line trajectory shows a declining trend, the bottom-line performance indicates a sharp and notable reversal from loss to profit, suggesting improved cost management, operational efficiency, or one-off gains during the June 2026 quarter. Investors and stakeholders would benefit from a closer look at the drivers behind this profitability turnaround, particularly given the concurrent revenue decline.
Crescentis Capital Ltd Shareholding Pattern
Promoter holding stands at 74.98% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.0% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 25.02% stake in Crescentis Capital Ltd.
Crescentis Capital Ltd FAQs
Q: Why did Crescentis shares jump 3.32% today?
Outcome of the Fund Raising Committee pursuant to Regulation 30 and 42 of the SEBI(LODR)Regulations 2015 being the Rights Issue Terms and specific approval particulars.. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Crescentis Capital Ltd?
As per the latest data, promoters hold 74.98% stake in Crescentis Capital Ltd, while FII holding stands at 0.0%. Domestic institutional investors hold 0.0%, and public shareholders account for 25.02% of the equity.
Q: What is the current stock price of Crescentis Capital Ltd?
Crescentis Capital Ltd shares are currently trading at ₹104.35, recording a gain of 3.32% from the previous close.
Q: What is the market capitalization of Crescentis Capital Ltd?
The company currently has a market capitalization of ₹177.54 crore, reflecting its valuation in the Indian equity market.