Right Issue Committee in its meeting held today, i.e., Friday, August 22, 2025, has fixed the record date for the purpose of determining the shareholders who will be eligible to apply for ....
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Deep Diamond India Limited has fixed Friday, August 29, 2025 as the record date to identify shareholders eligible for its upcoming rights issue. The company plans to issue up to 9,61,00,000 (96.1 million) fully paid-up equity shares of Re. 1 face value at Rs. 4.16 per share, raising up to Rs. 3,997.76 lakhs (around Rs. 40 crore). The offer ratio is 2 new shares for every 1 share held by eligible shareholders (2:1). The rights issue opens on September 9, 2025 and closes on September 19, 2025, with the last date for market renunciations being September 15, 2025. Full payment of Rs. 4.16 per share is due at the time of application.
This is a large rights issue at a 2:1 ratio, which will significantly increase the share count and dilute existing shareholders unless they fully subscribe. Eligible shareholders on the record date will need to decide whether to invest additional capital or renounce their rights before September 15, 2025. The stock may see some pressure around the record date and ex-rights date as the market adjusts to the new share base.