This is in reference to the 'Outcome of the Meeting of Board of Directors' dated Saturday, 05th April, 2025; we wish to inform you that the Board of Directors and Rights issue committee ....
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The Board of Directors of Annvrridhhi Ventures Limited approved the extension of the closing date of its ongoing Rights Issue. The issue, which opened on 28th April 2025 and was originally scheduled to close on 9th May 2025, will now close on 20th May 2025, giving shareholders roughly 11 extra days to subscribe. The last date for on-market renunciation of rights entitlements has been moved to 14th May 2025, while the allotment, credit, and listing dates have been pushed to 27th May, 30th May, and 3rd June 2025, respectively. The Letter of Offer and Composite Application Form remain unchanged apart from these revised dates. The extension is aimed at allowing better participation from eligible shareholders.
Shareholders who are eligible for the rights issue now have more time to apply or renounce their entitlements. The extended timeline may improve subscription levels, but it also pushes out allotment and listing by a few weeks.