Adjournment of Rights Issue Committee Meeting due to non receipt of prior approval of BSE for draft Letter of Offer which is under process.
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Aplab Ltd has postponed its Rights Issue Committee meeting originally scheduled for May 21, 2025. The meeting was supposed to finalise the record date, issue price, and entitlement ratio for the company's proposed Rights Issue, which was already approved by the Board on May 15, 2025. The delay is because BSE has not yet approved the draft Letter of Offer, which is still under review. The company will inform stock exchanges of the revised meeting date once BSE clearance is received.
This is a procedural delay with no new information on the rights issue terms. Shareholders and potential investors should wait for the rescheduled meeting and BSE approval before the actual issue price, entitlement ratio, and record date are known.