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., ....
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Awaiting price reaction for this filing.
IFL Enterprises has revised the terms of its proposed Rights Issue after a board meeting on 16th June 2025. The total issue size has been slightly increased from 49,14,76,620 equity shares (Rs. 49.15 Cr) to 49,47,19,229 equity shares (Rs. 49.47 Cr) at Rs. 1 per share. The rights entitlement ratio remains unchanged at 60 rights shares for every 91 shares held. The record date stays at 13th June 2025, but the issue opening date has been pushed back from 19th June to 23rd June 2025, with the last date for renunciation now 25th June. The closing date remains 30th June 2025. BSE had already granted in-principle approval on 19th May 2025.
Existing shareholders get a few extra days to subscribe or renounce, but the longer window slightly extends uncertainty. The marginally larger issue size means a small uptick in potential dilution, though the overall change is minor and largely procedural.