Board approves rights issue of up to Rs 31.50 Crores
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts more than Nifty Microcap 250 and 3.5 pts more than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved a rights issue of fully paid-up equity shares worth up to Rs 31.50 Crores to eligible shareholders as on a record date to be decided later. A Rights Issue Committee has been formed to decide the price, entitlement ratio, record date, and payment terms. Intermediaries have also been appointed. The issue will follow SEBI ICDR Regulations, subject to required approvals.
Possible dilution for existing shareholders. Price, ratio and timeline not yet announced. Watch for record date update.