Right issue Committee in its meeting held on 30th June, 2025 has fixed the record date for the purpose of determining the shareholders who will be eligible to apply for the right equity ....
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Apollo Ingredients Limited (formerly Indsoya Limited) has fixed Friday, July 04, 2025 as the record date for its proposed Rights Issue. The company will issue 1,00,00,000 (1 crore) fully paid-up equity shares of face value Rs. 5 each at Rs. 5 per share (issued at par), raising up to Rs. 500 Lakhs (Rs. 5 crore). The entitlement ratio is 25 new equity shares for every 1 share held on the record date. The Rights Issue will open on July 16, 2025 and close on July 29, 2025, with the full amount payable on application.
Eligible shareholders will need to decide whether to subscribe to their entitlement by July 29, 2025. Since shares are being issued at par (Rs. 5), the effective price is well below typical market levels, making this a heavily discounted capital raise that may dilute existing shareholders who do not subscribe.