Franklin Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2025 ,inter alia, to consider and approve Board of Directors of the ....
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Franklin Industries Ltd has informed BSE that the Rights Issue Committee of the Board will meet on 29 May 2025 to finalise the terms of a previously approved Rights Issue of fully paid-up equity shares (face value ₹1 each). The total issue size is capped at Rs. 49.5 Crores (Rs. 49,50,00,000). The committee will decide key parameters including the issue price, issue size, entitlement ratio, record date, and timing of the Rights Issue. The trading window for designated persons will remain closed until 29 May 2025 in line with insider trading regulations. The original approval for the Rights Issue was given by the Board in its meeting on 29 May 2025.
Shareholders should watch for the announcement on 29 May as it will confirm the issue price, entitlement ratio, and record date — these determine how much they need to invest and any potential dilution. A Rights Issue of up to Rs. 49.5 Crores means new shares will be issued, which could dilute existing shareholders who do not subscribe.