Franklin Industries' Board has approved the allotment of 48.20 crore new equity shares following its Rights Issue.

These shares were issued at ₹1 each, significantly increasing the company's paid-up equity share capital from ₹28.92 crore to ₹77.12 crore.

This capital infusion strengthens the company's financial base.

Additionally, the Board appointed Brickwork Rating India as a monitoring agency.

This ensures transparency and accountability in how the funds raised through the Rights Issue are utilized, providing clarity to shareholders on the deployment of this capital.