BSEAnnvrridhhi Ventures LtdMediumNeutral
Announced Mon, 2 Mar · 16:01 IST

Outcome of Rights issue committee meeting held on 02.03.2026 - Approval of first call on partly paid up equity shares

Fund Raising View source PDF

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Awaiting price reaction for this filing.

AI summary

Annvrridhhi Ventures' Rights Issue Committee approved the first call of ₹3.50 per partly paid-up equity share (35% of the ₹10 face value) on 2,96,21,647 outstanding partly paid-up shares that were allotted via a rights issue on 17 December 2025. Total call money works out to roughly ₹10.37 crore. The record date has been set as 10 March 2026, and shareholders can make payments between 25 March and 8 April 2026. The committee also rescinded an earlier first-call approval dated 23 February 2026 and replaced it with a revised call schedule after an internal review. Interest and penalties for delayed or missed payments will be detailed in the call notice to be sent to eligible shareholders.

Likely market impact

Eligible shareholders will need to pay ₹3.50 per rights share they hold during the 25 March–8 April 2026 window to avoid interest/penalty charges and potential forfeiture. For the stock, the company is moving ahead with its planned capital raise from the rights issue, which improves certainty of fund inflow but also means existing shareholders face a fresh cash commitment.