Corrigendum: Right Issue by Himalaya Food International Limited - Extension of Right Issue Period Closing date from June 18, 2025 to June 30, 2025 Published in Newspaper
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Himalaya Food International Ltd has extended the closing date of its rights issue from June 18, 2025 to June 30, 2025. The rights issue involves 2,89,36,442 equity shares of ₹10 face value, offered at ₹13.80 per share (including ₹3.80 premium), aggregating up to ₹39.93 crores. Eligible shareholders can subscribe in the ratio of 1 equity share for every 2 shares held, based on the record date of May 23, 2025. The last date for on-market renunciation is now June 25, 2025. The Board approved the extension on June 16, 2025, citing requests from some shareholders, including NRIs, who needed more time to evaluate and submit their applications. The public announcement was published in Financial Express (English), Jansatta (Hindi), and Pratahkal (Hindi, Mumbai edition) on June 18-19, 2025.
Existing shareholders get an additional 12 days to participate or renounce their rights entitlement. The extension could suggest slower-than-expected subscription interest, which investors should monitor closely as undersubscribed rights issues can lead to dilution concerns.