The Board of Directors of the Company at the meeting held today, 25 July, 2025 has approved fund raising by way of rights issue for an amount not exceeding Rs. 6048 Lakhs. Details enclosed.
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Awaiting price reaction for this filing.
The Board of Directors of Arunis Abode Limited (Scrip Code: 526935) approved a Rights Issue of fully paid-up equity shares (face value Rs. 10 each) for an amount not exceeding Rs. 6,048 Lakhs (around Rs. 60.48 crore). The issue will be offered to eligible shareholders as on a record date, which is yet to be announced. The Board has set up a Rights Issue Committee to finalise the issue price, entitlement ratio, record date, and payment terms. The Rights Issue will be carried out under the Companies Act, 2013 and SEBI ICDR Regulations, subject to required approvals. The purpose of raising these funds has not been disclosed in the filing.
Existing shareholders will get the opportunity (and may face dilution risk if they don't participate) to buy additional shares at the rights price. The lack of clarity on the use of funds and the issue price may keep the stock volatile until further details are announced.