Astec LifeSciences Limited has informed the Exchange that Record date for the purpose of Rights is 04-Jul-2025.
ASTEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Astec LifeSciences has approved a Rights Issue aggregating up to Rs. 249.35 Crore through the issuance of 28,01,673 equity shares at Rs. 890 per share (including a premium of Rs. 880 over the face value of Rs. 10). Existing shareholders will be offered the rights shares in the ratio of 1 rights share for every 7 fully paid-up shares held. The record date to determine eligible shareholders is Friday, 4th July 2025. The rights entitlement will be credited to demat accounts under ISIN INE563J20010. The issue opens on 14th July 2025 and closes on 28th July 2025, with the last date for on-market renunciation set as 22nd July 2025.
This is a capital-raising move that will dilute existing shareholdings by roughly 14% (post-issue shares rise from ~1.96 crore to ~2.24 crore). Existing shareholders as of the record date must decide by 28th July whether to subscribe to the issue, sell/renounce their rights, or let them lapse. Short-term stock price may face pressure around the record date and ex-rights trading.