Intimation of In-principle Approval received for Rights Issue of Partly paid-up Equity Shares by Anirit Ventures Limited ("the company"
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Anirit Ventures Ltd (formerly Flora Textiles Limited) has received in-principle approval from BSE (letter dated October 15, 2025) for a proposed Rights Issue of Partly Paid-up Equity Shares. The company had originally applied for this approval on March 29, 2025. This approval is only the exchange's permission to use BSE's name in the Letter of Offer — the actual rights issue has not yet been launched. The company still needs to fix a record date (with at least 3 working days advance notice to the exchange), disclose the issue price, and complete all legal and statutory formalities before issuing the offer document. No details on the issue size, price, or ratio have been disclosed in this filing.
For existing shareholders, this is an early-stage signal that the company plans to raise capital via a rights issue, which will likely dilute existing holdings. However, since key terms (price, ratio, size) and the record date are not yet announced, there is no immediate action required. The stock may see activity once the formal offer document is dispatched and the record date is set.