Rights issue committee of the Company at its Meeting held today i.e. 29th September, 2025 has approved terms of Rights Issue of Equity shares.
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Ashnisha Industries' Rights Issue Committee has finalised the terms of a rights issue of 16.41 crore equity shares at Rs. 3 per share (face value Re. 1, premium Rs. 2), aiming to raise around Rs. 49.24 crores. Eligible shareholders will get 13 rights shares for every 8 shares held, with the record date set for 6th October 2025. The issue opens on 14th October and closes on 3rd November 2025. If fully subscribed, outstanding shares will jump from 10.10 crore to about 26.51 crore, more than doubling the share count. The original Board approval for the rights issue was given on 6th September 2025, with BSE in-principle approval received on 24th September 2025.
The rights issue at Rs. 3/share is attractively priced for existing shareholders, but the sharp dilution (over 2.5x expansion of share base) could weigh on the stock. Shareholders should evaluate whether to subscribe, sell rights entitlements, or let them lapse based on the company's use of funds and prevailing market price.