Intimation about publication of extension of closure period of rights issue from Friday, 09th May 2025 to Tuesday, 20th May 2025 in the newspapers
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Annvrridhhi Ventures Ltd (formerly J. Taparia Projects Ltd) has extended the closing date of its ongoing rights issue to Tuesday, May 20, 2025, from the earlier scheduled date of Friday, May 9, 2025. The issue, which opened on April 28, 2025, involves up to 3.24 crore fully paid-up equity shares of face value ₹10 each, offered at ₹15 per share (including a ₹5 premium) in a 2:1 ratio to eligible shareholders as on the record date of April 11, 2025, aggregating up to ₹4,860 lakhs. The company cited the need to allow better participation from eligible shareholders and provide them adequate time to subscribe. Newspaper advertisements announcing the extension were published on May 3, 2025 in Financial Express, Jansatta, and Arthik Lipi, and the information was also disclosed on the company's website.
Existing shareholders get an extra 11 days to subscribe to their entitled rights shares, which could improve subscription levels; otherwise there is no material change to the issue terms or company fundamentals.