Newspaper Advertisement of Extract of Notice of opening of Right Issue
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Franklin Industries Limited has informed BSE that it published newspaper advertisements on June 7, 2025, announcing the opening of its Rights Issue. The company is offering 48,20,00,000 equity shares at a face value of ₹1 each, at an issue price of ₹1 per share (no premium), aggregating to ₹48.20 crore. Eligible shareholders can subscribe in the ratio of 5 rights shares for every 3 fully paid-up equity shares held on the record date of June 4, 2025. The issue opens on June 12, 2025 and closes on June 23, 2025, with the last date for on-market renunciation being June 30, 2025. The company states it is professionally managed and does not have an identifiable promoter. Skyline Financial Services is the registrar to the issue.
Existing shareholders of Franklin Industries can buy additional shares in the ratio of 5:3 at ₹1 per share. The issue is priced at par (no premium), which means no immediate discount but also no value uplift — it's a straightforward capital raise that will increase the share count significantly and dilute existing shareholders who do not subscribe.