Announcement under Regulation 30 (LODR) - Raising of Funds Refer Attachment
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Awaiting price reaction for this filing.
Arunis Abode Limited (Scrip Code: 526935) has finalised terms of its Rights Issue, raising up to Rs 6,048 lakhs (about Rs 60.48 crore) by issuing up to 4.8 crore equity shares of face value Rs 10 each at a price of Rs 12.60 per share (including a premium of Rs 2.60). Existing shareholders will get 16 Rights Shares for every 1 share they hold as on the record date of August 26, 2025. The issue opens on September 3, 2025 and closes on September 11, 2025, and the Board has received in-principle approval from BSE. Share count will expand from 30 lakh currently to 5.1 crore post-issue (assuming full subscription), and the reference to 'call monies' suggests the issue may be structured as partly paid-up shares.
This is a very heavy dilution event — the share base is expanding 17 times from 30 lakh to 5.1 crore shares, which can weigh on short-term price action. Shareholders as on record date should evaluate whether to subscribe, renounce, or let entitlements lapse, and watch for the Letter of Offer to see what the funds will be deployed for.