Newspaper Advertisement- Disclosure under Regulation 30 and Regulation 47 of SEBI ( Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
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Growington Ventures India Ltd (formerly VMV Holidays Ltd) has published pre-issue newspaper advertisements regarding its upcoming Rights Issue in three newspapers: Financial Express (English), Jansatta (Hindi), and Navshakti (Marathi). The company is issuing up to 4,81,66,120 fully paid-up equity shares of face value ₹1 each at an issue price of ₹1 per share (no premium), aggregating up to roughly ₹4.82 crores, in the ratio of 3 rights shares for every 1 share held. The issue opens on Wednesday, May 14, 2025 and closes on Thursday, June 12, 2025, with the record date being Tuesday prior to issue opening. Promoters Vikram Bajaj (HUF) and Vikram Bajaj are backing the issue, and Purva Sharegistry (India) Pvt Ltd is acting as the registrar. Rights entitlements will be credited to eligible shareholders' demat accounts under temporary ISIN INE451S20019.
This is a procedural compliance filing (Regulations 30/47/84) confirming the rights issue is proceeding. Existing shareholders as of the record date will be eligible to subscribe at a 3:1 ratio at face value, or renounce their rights until June 6, 2025. The issue size is modest (~₹4.82 crores), so dilution impact is limited. Shareholders should review the Letter of Offer for risks before applying.