Intimation of raising of funds through Rights Issue
Price
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Awaiting price reaction for this filing.
The Board of Directors of Annvrridhhi Ventures Ltd, at its meeting on August 2, 2025, approved a Rights Issue of partly paid-up equity shares with a face value of ₹10 each, for an aggregate amount not exceeding ₹38 Crores. The shares will be offered to existing eligible equity shareholders on a rights basis, with the record date to be notified later. The Board also approved the Draft Letter of Offer on the same day, which will be filed with BSE to seek in-principle approval. Key terms such as issue price, entitlement ratio, and payment schedule are yet to be decided by the Board or the Rights Issue Committee.
Existing shareholders will get the right (but not the obligation) to subscribe to additional shares in proportion to their holdings, which may lead to dilution if they choose not to participate. The purpose of the capital raise is not specified in the filing, so investors should watch for the Letter of Offer for further details on use of proceeds, pricing, and timing.