Intimation under Regulation 30 of Securities and Exchange Board of India (LODR) Regulations 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Franklin Industries Limited has approved the Letter of Offer dated 3rd June, 2025 for a rights issue of up to 4.82 crore (48,20,00,000) equity shares of face value ₹1 each at an issue price of ₹1 per share, aggregating to ₹48.20 crore. The issue is being offered in the ratio of 5 rights shares for every 3 fully paid-up equity shares held by eligible shareholders. The record date has been fixed as Wednesday, 4th June, 2025, with the issue opening on 12th June, 2025 and closing on 30th June, 2025. The company's shares are listed on BSE (Scrip Code: 540190) and Calcutta Stock Exchange. The Letter of Offer was approved by the Board via a Resolution by Circulation. The company notes it is professionally managed with no identifiable promoter.
Eligible shareholders as of the record date (4th June, 2025) will receive rights entitlements to subscribe to additional shares. Since the issue is priced at face value with zero premium and involves a substantial expansion of share capital (about 167% increase at full subscription), it will be significantly dilutive for non-participating shareholders. Shareholders must act between 12th June and 30th June, 2025 to subscribe or renounce their entitlements.