Astec LifeSciences Limited has informed the Exchange about Copy of Newspaper Publication regarding opening of rights issue of equity shares.
ASTEC · price
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Astec LifeSciences Limited has announced the opening of its rights issue on July 14, 2025, via newspaper advertisements published in Financial Express, Jansatta, and Navshakti. The issue size aggregates up to ₹24,934.89 lakhs, offered to eligible shareholders in the ratio of 1 rights equity share for every 7 fully paid-up equity shares held. The last date for on-market renunciation is July 22, 2025, and the issue closes on July 28, 2025. The promoters of the company are Godrej Agrovet Limited and Ashok Vishwanath Hiremath. Shareholders can apply using the ASBA facility.
Eligible shareholders can subscribe to the rights issue at the stated ratio; those holding shares in physical form must provide demat account details to the registrar at least two working days before the issue closing date. The issue will result in equity dilution for non-participating shareholders, though promoter participation (if any) will be visible in the post-issue pattern.