Intimation for closure of Right Issue subscription period.
Awaiting price reaction for this filing.
Shri Niwas Leasing and Finance has closed its Rights Issue subscription period on April 3, 2025. The company offered up to 3,99,70,000 partly paid-up equity shares at Rs. 10 each (face value Rs. 10), aiming to raise up to Rs. 3,997 lakhs (about Rs. 40 crore). The ratio offered was 10 Rights Equity Shares for every 1 fully paid-up share held, with the record date being February 27, 2025. The issue opened on March 6, 2025 and closed after banking hours on April 3, 2025. Any unused rights entitlements will now lapse, meaning shareholders who did not subscribe have lost their entitlement.
For shareholders who did not subscribe, their holdings face significant dilution as the rights issue was sized at a 10:1 ratio. The company will receive fresh capital of up to Rs. 40 crore at par, which may strengthen its balance sheet but also substantially expands the share count. Watch for allotment and listing updates to gauge actual subscription levels.