The Board of Directors of the Company in its meeting held today on Saturday, 05th April, 2025 has considered and approved the issue price, rights entitlement ratio, record date, issue size ....
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Awaiting price reaction for this filing.
The Board of Annvrridhhi Ventures Ltd (formerly J. Taparia Projects Ltd) approved the terms of its Rights Issue on April 5, 2025. The company will issue 3.24 crore equity shares at ₹15 per share (face value ₹10 + ₹5 premium), raising up to about ₹48.60 crores. Existing shareholders will get 2 rights shares for every 1 share held, with the record date set for April 11, 2025. The issue opens on April 28, 2025 and closes on May 9, 2025. The full ₹15 per share is payable on application, and if fully subscribed, total outstanding shares will rise from 1.62 crore to 4.86 crore — effectively tripling the share count.
This is a heavily dilutive event. Existing shareholders must invest additional capital to maintain their stake, or see their holding diluted by roughly 200% post-issue. Expect short-term price weakness around the ex-rights date, but it also brings in fresh capital for the company to fund growth or other corporate purposes.