Issue of advertisement in newspapers regarding opening of Rights issue of equity shares of the company pursuant to Regulation 84(1) of The SEBI (ICDR) Regulations, 2018
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Annvrridhhi Ventures Limited (formerly J. Taparia Projects Limited) has published newspaper advertisements for its Rights Issue opening on April 28, 2025. The company is offering up to 3.24 crore fully paid-up equity shares at Rs. 15 each (including a Rs. 5 premium over the Rs. 10 face value), aggregating up to Rs. 48.60 crore. The issue is in the ratio of 2 Rights Shares for every 1 share held on the record date of April 11, 2025. The advertisements appeared in Financial Express (English), Jansatta (Hindi), and Arthik Lipi (Bengali) on April 24, 2025. The issue closes on May 9, 2025, with May 5 being the last date for on-market renunciation of rights entitlements.
Eligible shareholders as of April 11, 2025 can subscribe to 2 new shares for every share held at Rs. 15 each, or sell their rights entitlements on the market until May 5, 2025. This will dilute existing shareholdings but provides existing investors a chance to maintain their proportional ownership at a price 1.5 times face value.