Heads UP Ventures Limited has informed the Exchange regarding Board meeting held on Jun 26, 2025.
HEADSUP · price
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Awaiting price reaction for this filing.
Heads UP Ventures Limited held a Board meeting on June 26, 2025, from 5:30 PM to 8:00 PM. The Board did not approve any matters related to its proposed Rights Issue because the company had not yet received the In-Principle Approval from NSE and BSE as of the meeting date. As a result, decisions on the Rights Issue price, payment mechanism, issue size, entitlement ratio, record date, and other related terms were kept on hold. The company has also clarified that the late submission of the meeting outcome to the exchanges was due to these pending Rights Issue items. The Board will consider and approve these items once the In-Principle Approval is received.
For shareholders, this means no new dilution or capital-raising decisions have been finalized yet — the Rights Issue remains in a pending state awaiting stock exchange approval. The filing itself is largely procedural, and any price or dilution impact will only come once the Rights Issue terms are actually approved in a future board meeting.