Approval by Rights Issue Committee of the Board of Directors the ratio, price, record date and other matters for the proposed partly paid Rights issue of equity shares
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Aplab Ltd's Rights Issue Committee approved the terms of a proposed partly paid Rights Issue on May 24, 2025. The company will issue 1,25,70,000 partly paid-up equity shares (face value Rs. 10 each) at Rs. 19 per share, which includes a Rs. 9 premium. The entitlement ratio is 1:1, meaning every eligible shareholder gets one Rights Share for each share held. Total issue size is Rs. 23.88 crore assuming full subscription, but on application only Rs. 6.29 crore will be called (Rs. 5 per share), with the balance Rs. 14 per share payable in later calls. The record date to identify eligible shareholders is Thursday, May 29, 2025.
Eligible shareholders as on May 29, 2025 will get the right to apply for additional shares in a 1:1 ratio at Rs. 19 each. Existing investors should evaluate whether to subscribe, renounce, or let the rights lapse, since partly paid shares carry future call obligations. The dilution upon full subscription will double the share count, which may weigh on the stock price in the near term.