Growington Ventures India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/04/2025 ,inter alia, to consider and approve 1. The brief terms ....
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Growington Ventures India Ltd has informed BSE that its Board of Directors will meet on 23 April 2025 to consider and approve the brief terms of a Rights Issue. Key items on the agenda include determining the issue price per equity share, the rights entitlement ratio, terms of payment, and the record date and timing of the issue. The company has also closed its trading window from 1 April 2025 until 48 hours after the declaration of audited financial results for Q4 and FY ended 31 March 2025. The specific size of the rights issue and use of proceeds have not been disclosed in this intimation.
Existing shareholders should watch for details on the rights entitlement ratio and issue price, as a rights issue allows them to buy additional shares at a potentially discounted price. The exact dilution impact and capital-raising purpose will only be clear after the board meeting on 23 April 2025.