Heads UP Ventures Limited has informed the Exchange regarding Board meeting held on Jun 20, 2025.
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The Board of Directors of Heads UP Ventures Limited (formerly Mandhana Retail Ventures Limited) met on June 20, 2025 and approved raising of funds up to Rs. 45 Crores through a Rights Issue of equity shares with a face value of Rs. 10 each. The shares will be offered to existing eligible equity shareholders on a rights basis at a price and ratio to be decided later. A Rights Issue Committee has been constituted with Mr. Abhishek Shivpujan Giri as Chairman and Ms. Amrita Ashutosh Tiwari and Mr. Kunj Yogeshbhai Patel as members, authorized to appoint intermediaries and finalize terms. The record date and entitlement ratio will be notified subsequently, and the issue is subject to SEBI and other statutory approvals.
This is a fund-raising move that may dilute existing shareholdings if shareholders do not subscribe to their full entitlement. Eligible shareholders will get a chance to maintain their proportional stake, but the stock may see volatility around the record date announcement.