Issue of up to 48,16,61,820 equity shares of face value of ?1/- (Rupees One only) each at a price of ?1/- per rights equity share aggregating up to ?48,16,61,820/- ('rights issue') on a ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 2.2 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.
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Growington Ventures India Ltd has completed the allotment of 48,16,61,820 equity shares under its Rights Issue at ₹1 per share (face value), aggregating to about ₹48.17 crore. The issue was offered in a ratio of 3 rights shares for every 1 share held, with a record date of April 29, 2025. As a result, the company's paid-up equity capital has jumped from ₹16.06 crore to ₹64.22 crore — nearly a 4-fold increase. The new shares will rank equally with existing equity shares. The allotment was approved by the Board on June 23, 2025.
This is a highly dilutive rights issue — existing shareholders' stake is being diluted by roughly 75% if they don't participate. Issuing at face value (₹1) implies a steep discount to any prevailing market price, which may weigh on the stock price post-listing of rights shares.