Call off raising of Funds by way of Rights Issue announced on 30th May 2025.
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Kati Patang Lifestyle Ltd has decided not to proceed with the Rights Issue of equity shares that its Board had approved on May 30, 2025. The Rights Issue Committee, which met on June 16, 2025, said it wants to reassess the modalities of the fund-raising plan in light of recent regulatory changes aimed at streamlining and speeding up capital raising. No specific issue size, pricing or record date details were mentioned in the filing. The company has indicated that further updates on its capital-raising plans will be shared in due course.
Existing shareholders will not receive any rights entitlement for now and the fund-raising timeline is pushed back. The company may explore an alternative, faster capital-raising route, which keeps the door open for dilution later but removes near-term certainty for investors.