Outcome of Rights Issue Committee Meeting for approval of terms of Rights Issue of Equity Shares.
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Ashnisha Industries Ltd's Rights Issue Committee has finalised the terms of its upcoming Rights Issue of equity shares. The company will issue up to 16.41 crore fully paid-up equity shares of face value Rs. 1 each at an issue price of Rs. 3 per share (including a Rs. 2 premium), aggregating to approximately Rs. 49.24 crores. The entitlement ratio is set at 13 Rights Equity Shares for every 8 shares held by eligible shareholders on the record date of 6th October 2025. The issue will open on 14th October 2025 and close on 3rd November 2025. Post-issue, the total outstanding equity shares will increase from 10.10 crore to 26.51 crore assuming full subscription.
Eligible shareholders as on the record date (6th October 2025) will get the opportunity to subscribe to the Rights Issue at Rs. 3 per share. The large issue size (nearly Rs. 50 crores) will significantly dilute existing shareholdings by more than doubling the share count, which may weigh on the stock price around the record date.