We are submitting herewith the following Document for Right Issue as per our earlier announcement dated 9th June, 2025 and 16th June, 2025 as Follows: 1. Letter of Offer 2. Abridge Letter ....
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IFL Enterprises Limited has submitted its Rights Issue documents to BSE, following earlier announcements dated 9th and 16th June 2025. The company is offering up to 49,47,19,229 equity shares of face value ₹1 each at an issue price of ₹1 per share, aggregating up to ₹4,947.19 lakhs (~₹49.47 crore). The ratio is 60 rights shares for every 91 fully paid-up equity shares held by eligible shareholders as on the record date of 13th June 2025. The issue opens on 23rd June 2025 and closes on 30th June 2025, with the last date for on-market renunciations being 25th June 2025. The promoter is Mr. Nishant Subhashchandra Gandhi, and Skyline Financial Services is the registrar to the issue.
Eligible shareholders can subscribe to the rights shares at ₹1 each (at par). Since the issue is priced at face value with no premium, it may be attractive to existing holders, but shareholders who don't participate risk dilution of their holdings. Non-participation would effectively reduce their proportional ownership in the company.