Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you ....
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Harish Textile Engineers Ltd informed BSE about the outcome of its board meeting held on April 28, 2025. The Board discussed and planned a proposal for a Rights Issue of shares. A special committee named 'Rights Issue Committee' has been formed to evaluate, oversee, and take decisions on all matters related to the proposed rights issue. The meeting ran from 6:00 PM to 8:15 PM. No specific terms of the rights issue—such as size, price, ratio, or record date—have been disclosed yet.
This is an early-stage announcement signalling that the company is exploring raising capital through a rights issue. Shareholders may need to prepare for potential dilution and additional capital requirements once the detailed terms are announced. Near-term stock impact is likely limited as no concrete issue details have been shared.