Franklin Industries' board has approved the allotment of 48.20 crore fully paid-up Rights Equity Shares at ₹1 each to successful applicants.

This increases the company's paid-up equity share capital from ₹28.92 crore to ₹77.12 crore.

Additionally, the company has appointed BRICKWORK RATING INDIA PRIVATE LIMITED as a monitoring agency to oversee the utilization of the Rights Issue proceeds.

This appointment aims to ensure transparency and accountability in how the funds raised are deployed, benefiting shareholders.