Submission of Letter of offer for Rights Issue of Ashnisha Industries Limited
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Ashnisha Industries Ltd has approved the Final Letter of Offer for its Rights Issue, filed with BSE. The company is offering up to 16,41,25,000 equity shares with a face value of Re. 1 each at an issue price of Rs. 3 per share (including a premium of Rs. 2). The total issue size aggregates to Rs. 49.24 crores (Rs. 4,923.75 lakhs) on a rights basis. Eligible shareholders can subscribe in the ratio of 13 Rights Equity Shares for every 8 fully paid-up shares held as on the record date of 6th October 2025. The issue opens on 14th October 2025 and closes on 3rd November 2025, with listing expected on or about 6th November 2025.
Existing shareholders as of the 6th October 2025 record date are entitled to buy additional shares at Rs. 3 each. If they choose not to subscribe, their shareholding will be diluted. The relatively low issue price compared to market value could be attractive, but shareholders should review the objects of the issue before deciding.