Outcome of the Board Meeting of the Company held on 6th September, 2025_As attached
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Awaiting price reaction for this filing.
Ashnisha Industries' board, at its meeting on 6th September 2025, approved raising up to Rs. 50 crore (Rs. 50,00,00,000) by issuing equity shares through a Rights Issue to existing eligible shareholders. A Rights Issue Committee has been set up to decide key terms such as the issue price, entitlement ratio, record date, and timeline. The Draft Letter of Offer will be filed with BSE for in-principle approval. The specific use of the funds raised has not been disclosed in this filing.
Existing shareholders may see their holdings diluted if they do not subscribe to the rights entitlement, though it also offers them a chance to maintain or increase their stake at a price set by the company. The stock could see short-term pressure around the record date and pricing announcement.