This is in furtherance to our intimation on the Outcome of the meeting of the Board of Directors of the Company held on 14th August, 2024 and amended the issue size on April 16, 2025, where ....
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Awaiting price reaction for this filing.
Deep Diamond India Limited has announced a rights issue of up to 9.61 crore fully paid-up equity shares at Rs. 4.16 per share, raising up to Rs. 3,997.76 lakhs (~Rs. 40 crore). The ratio is 2 new equity shares for every 1 share held by eligible shareholders on the record date of Friday, August 29, 2025. The rights issue opens on September 9, 2025, with the last date for market renunciations on September 15, 2025, and closes on September 19, 2025. Full amount is payable on application. This follows an earlier board approval on August 14, 2024, with the issue size amended on April 16, 2025. The specific end-use of funds has not been disclosed in this intimation.
Eligible shareholders must decide by August 29 (record date) whether to subscribe, renounce, or let their rights lapse. At a 2:1 ratio, investors need roughly double their current holdings in cash to maintain their proportional stake, which could pressure the stock price ex-record date due to dilution and capital requirements.