The Board of Directors and Rights issue committee members, at their respective meetings held today i.e. 13th May, 2025, has considered and approved the extension of the On Market Renunciation ....
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Annvrridhhi Ventures Ltd has extended the closing date of its ongoing Rights Issue by one week, from the original May 20, 2025 to May 27, 2025. The Board and Rights Issue Committee approved this on May 13, 2025, stating the extension is to allow eligible shareholders more time to subscribe and improve participation. The last date for on-market renunciation of rights entitlements has been moved to May 21, 2025, while the basis of allotment, credit, and listing dates have been correspondingly pushed to May 30, June 5, and June 9, 2025 respectively. No changes have been made to the Letter of Offer, CAF, or ALOF documents other than the revised dates.
Existing shareholders who are eligible for the rights issue now have additional time to decide whether to subscribe, renounce, or let their entitlements lapse. The extension by itself is procedural and does not change the issue price or ratio, so the direct impact on the stock price is likely limited.