Annvrridhhi Ventures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/04/2025 ,inter alia, to consider and approve right issue price, record ....
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Annvrridhhi Ventures Ltd has informed BSE that its Board of Directors will meet on 5th April 2025 to finalise the issue price, number of shares, and record date for a proposed Rights Issue of up to ₹49 Crores. The equity shares to be issued have a face value of ₹10 each. The company had earlier approved the Rights Issue in a board meeting on 11th December 2024 and has already received in-principle approval from BSE on 3rd February 2025. The Board will also consider and approve the Letter of Offer and related documents. The trading window for insiders has been closed from 1st April 2025 till 48 hours after the declaration of audited financial results for the quarter and year ended 31st March 2025.
For existing shareholders, this meeting is a key step toward the actual launch of the Rights Issue. Once the price and record date are finalised, eligible shareholders will know the offer ratio, issue price, and timeline to subscribe, which may lead to short-term price movement based on the discount or premium offered.