Raising of Funds by way of Rights Issue.
Price
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Awaiting price reaction for this filing.
The board of Ashnisha Industries Ltd approved raising up to Rs. 50 crore by issuing equity shares through a Rights Issue to existing eligible shareholders. The record date, issue price, entitlement ratio, and other terms are yet to be decided by a newly formed Rights Issue Committee. The Draft Letter of Offer will be filed with BSE for in-principle approval. The issuance will follow SEBI ICDR Regulations, 2018 and the Companies Act, 2013 framework.
Existing shareholders will get the opportunity to subscribe to additional shares, but the issue terms (price and ratio) are not yet disclosed, so dilution impact is unclear. The fundraise will expand the equity base and may be dilutive depending on the final pricing.