Newspaper Advertisement of post issue of basis of allotment in the matter of Right issue of equity shares of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Franklin Industries Ltd has filed a post-issue newspaper advertisement (published on 30 July 2025 in Financial Express English, Financial Express Gujarati, and Jansatta Hindi) disclosing the basis of allotment for its rights issue of 48.20 crore equity shares of face value Rs. 1 each at Rs. 1 per share (no premium), in the ratio of 5 rights shares for every 2 fully paid-up shares held, aggregating to Rs. 48.20 crores. The company received 7,664 valid applications for 51.46 crore shares and allotted the full 48.20 crore shares — non-renouncees got 17.26 crore shares (35.80%) and renouncees got 30.94 crore shares (64.20%), with the renouncee category seeing partial allotment due to oversubscription. The company noted it is professionally managed with no identifiable promoter, and cautioned that the subscription level is not indicative of the share price or business prospects.
The rights issue is fully subscribed and successfully allotted, meaning the company has raised the intended Rs. 48.20 crores, which will strengthen its capital base. Existing shareholders will see a dilution of their holdings given the large 5-for-2 ratio, and the new shares will begin trading in dematerialised form on BSE and Calcutta Stock Exchange once listing permissions are granted.