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