The stock is trading at 0.86 times its book value and debtor days have improved from 268 to 33.1 days.

Issuance of up to 46,55,04,000 Equity Shares of the company having a face value of Rs 1 each by way of rights issue in the ratio of 3 equity shares for every 1 fully paid-up equity shares held by existing equity shareholder of the company as on record date (yet to be notified).

The main Indian indices ended the day higher on Friday, BSE Sensex was up 1.78 per cent at a level of 58,991.52.

The stock has a 52-week high of Rs 1.27 and a 52-week low of Rs 0.41.