a) Right Issue Size: 1,50,79,504 (One crore Fifty Lakhs Seventy Nine Thousand Five Hundred and Four) Equity Shares of face value of Rs.5/- each, for an aggregate amount not exceeding Rs.40,71,46,608/- (Rupees Forty Crore Seventy One Lakhs Forty Six Thousand Six Hundred and Eight Only);b) Right Issue Price: Rs.27/- (Twenty Seven) Per Equity Share (including a share premium of Rs.22/- (Twenty Two) per equity share)c) Right Entitlement Ratio: Ratio of 10 (Ten) rights equity shares for every 43 (Forty Three) fully paid up equity shares held as on the record date.
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Bannari Amman Spinning Mills has approved a rights issue of up to 1,50,79,504 equity shares (face value Rs.5 each) for an aggregate amount not exceeding Rs.40.71 crore. The rights issue price is set at Rs.27 per share, which includes a premium of Rs.22 per share. Existing shareholders will be eligible to subscribe in the ratio of 10 rights shares for every 43 fully paid-up equity shares held. The record date to determine eligible shareholders is April 30, 2025, and the issue will open on May 13, 2025 and close on May 26, 2025.
Eligible shareholders as of the record date (April 30, 2025) can subscribe to additional shares at Rs.27 each in the 10:43 ratio; the rights entitlement will be credited to demat accounts. This is a capital-raising move, and shareholders who do not exercise their rights may see their effective stake diluted.