Deep Diamond India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/04/2025 ,inter alia, to consider and approve Pursuant to the Regulation ....
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Deep Diamond India Limited has informed BSE that its Board of Directors will meet on Wednesday, April 16, 2025, to consider amending the size of its Rights Issue. The Board had earlier approved a Rights Issue of up to Rs 45 Crores on August 14, 2024. The company now proposes to reduce the issue size to Rs 40 Crores, a cut of Rs 5 Crores. The Rights Issue will be offered to the company's existing shareholders in line with the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018. The trading window for designated persons has been closed from April 1, 2025 until 48 hours after the declaration of financial results.
A modest reduction in the fundraising target suggests the company is recalibrating its capital requirements. Existing shareholders should watch for the record date, issue price, and ratio once the Board formally approves the revised terms on April 16.