This is in reference to our earlier outcome dated Monday, 09th June, 2025. We wish to inform you that the Board of Directors of IFL Enterprises Limited, at its meeting held today, i.e., ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IFL Enterprises' Board of Directors met on June 16, 2025 and approved revisions to the terms of its proposed Rights Issue, which was originally cleared on June 9, 2025. The total issue size has been marginally increased from 49,14,76,620 equity shares (INR 4914.76 Lakhs) to 49,47,19,229 equity shares (INR 4947.19 Lakhs), still within the Rs. 50 Crore cap approved earlier. The Rights Issue Opening Date has been pushed back from June 19, 2025 to June 23, 2025, and the last date for on-market renunciation has been shifted from June 24, 2025 to June 25, 2025. The Closing Date remains June 30, 2025, while the issue price (INR 1 per share), entitlement ratio (60 shares for every 91 held), and Record Date (June 13, 2025) are unchanged. The BSE had already granted in-principle approval for the rights issue on May 19, 2025.
Eligible shareholders should note the revised Rights Issue timeline, with the opening date delayed by 4 days. The marginal increase in issue size implies slightly higher dilution, though the entitlement ratio and price are unchanged. Shareholders wanting to participate or renounce entitlements must now track the new window of June 23-30, 2025.