Please find attached the draft Letter of Offer submitted with BSE as per detailed disclosures enclosed
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aplab Limited has filed a Draft Letter of Offer with BSE for a rights issue of partly paid-up equity shares with a face value of ₹10 each, aggregating up to ₹2,500 lakh (₹25 crore). The issue price, premium, and entitlement ratio are yet to be finalized (shown as [●] in the draft). Eligible equity shareholders will be able to apply on a rights basis, with payment structured partly on application and the balance through one or more subsequent calls as decided by the Board. The promoter is Ms. Amrita Prabhakar Deodhar, and Adroit Corporate Services is the registrar to the issue. The Draft Letter of Offer is dated May 15, 2025, with the record date, issue opening/closing dates, and allotment timeline still to be announced.
Eligible shareholders will get the opportunity to subscribe to additional shares in proportion to their existing holdings, but will need to provide extra capital. Since the issue price, premium, and ratio are not yet disclosed, shareholders should wait for the final Letter of Offer before evaluating the dilution and cost impact.