With reference to the captioned subject matter, this is to inform you that Meeting of the Rights Issue Committee of the Company held on Monday, April 28, 2025 discussed and approved the ....
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Deep Diamond India Limited's Rights Issue Committee met on April 28, 2025 and approved the Draft Letter of Offer for a Rights Issue to existing equity shareholders. The company plans to raise up to Rs. 40 crores by issuing fully paid-up equity shares of Re. 1.00 face value. The final ratio and price will be decided by the Board later, along with the record date. The proposal is subject to BSE's in-principle approval and will follow SEBI ICDR and Companies Act rules. The company has its registered office in Mumbai and corporate office in Udaipur.
Eligible existing shareholders will get the opportunity to buy more shares in proportion to their current holding once the rights entitlement ratio and price are announced. The issue is still at the approval stage, so dilution specifics and price are not yet known.