Outcome of Right issue Committee held on April 02,2025 , Wednesday

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹2.12

prior close

₹2.10

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.0%-2.0% vs market

Trading & Distributors peers, median of 129sector+1.0%-1.9% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.9 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.9+1.0-2.0+1.0-1.9

Next day

+0.0-2.6+2.6+0.6-0.6

-4.7-6.9+2.1-1.4-3.3

-0.9-4.6+3.7-0.6-0.4

+1.4-5.8+7.3-1.0+2.4

-1.4-2.6+1.2-0.5-0.9

+0.5+1.4-0.9+1.7-1.2

15d

-2.4+2.0-4.4+1.8-4.1

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-32.1+15.2-47.3+4.2-36.3

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 129Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Franklin Industries Limited announced that its Right Issue Committee, which met on April 2, 2025, approved the Draft Letter of Offer (DLOF) for a rights issue of fully paid-up equity shares of face value Rs. 1 each to existing eligible shareholders. The company plans to raise up to Rs. 49.50 crore through this rights issue, subject to in-principle approval from BSE. The issue price, ratio, and record date are yet to be decided and will be notified later. The meeting ran from 6:30 PM to 7:00 PM.

Likely market impact

Shareholders may get an opportunity to subscribe to new shares and maintain their ownership percentage, but key terms (price, ratio, record date) are still pending. The actual dilution and cost to investors cannot be assessed until those details are announced.