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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IFL Enterprises Limited has revised the terms of its proposed Rights Issue of up to Rs. 50 Crores, originally approved on December 30, 2024. The Board, at its meeting on June 16, 2025, increased the total number of equity shares to be issued from 49,14,76,620 to 49,47,19,229 shares (an addition of about 32.4 lakh shares), raising the aggregate issue size from Rs. 49.15 Crores to Rs. 49.47 Crores at Rs. 1 per share. 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 moved from June 24 to June 25, 2025. The closing date (June 30, 2025), record date (June 13, 2025), issue price (Rs. 1 per share), and entitlement ratio (60 shares for every 91 held) remain unchanged. The company already received in-principle approval from BSE on May 19, 2025.
Shareholders as of the record date (June 13, 2025) will now have a slightly larger entitlement pool and a few extra days to plan their subscription or renunciation. The marginal increase in issue size signals a small upward revision in fundraising plans, but the overall terms remain broadly the same, suggesting limited dilution surprise for existing shareholders.