Board Meeting Outcome dated 20th August, 2025. Refer the attachment.
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Arunis Abode Limited's board approved a Rights Issue of up to 4.8 crore fully paid-up equity shares of face value ₹10 at an issue price of ₹12.60 per share (including a ₹2.60 premium), raising up to ₹6,048 lakhs. The rights entitlement ratio is set at a steep 16:1, meaning shareholders will receive 16 rights shares for every 1 share held as on the record date of August 26, 2025. The issue opens on September 3, 2025 and closes on September 11, 2025. Post-issue, total outstanding shares will grow from 30 lakh to 5.1 crore shares, assuming full subscription.
The 16:1 rights ratio is highly aggressive and will result in massive dilution (~17x expansion of share count) for non-participating shareholders. Investors holding shares as of August 26 must either invest additional capital, renounce their rights entitlements on or off the market, or face significant erosion of their proportionate ownership.