Outcome of Board Meeting to be held on today i.e. 29.05.2025
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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's Rights Issue Committee has finalised the terms of its rights issue announced earlier on the same day. The company will issue 48.20 crore fully paid-up equity shares of ₹1 face value at an issue price of ₹1 per share, aggregating to ₹48.20 crore. The entitlement ratio is set at 5 new shares for every 3 existing shares held, with the record date fixed at Wednesday, 4th June 2025. The issue will open on 12th June 2025 and close on 30th June 2025. Post-issue, the total share count will rise from 28.92 crore to 77.12 crore shares assuming full subscription.
Existing shareholders will need to contribute additional funds to maintain their proportional holding. The issue price being at par (₹1) suggests the shares are being offered at a deep discount to the prevailing market price, which could dilute existing shareholders who choose not to subscribe. Shareholders should evaluate their subscription decision before the record date.