Extension of closing date of Rights issue
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Kati Patang Lifestyle Ltd has extended the closing date of its ongoing Rights Issue by one week, from July 25, 2025 to August 1, 2025. The issue had opened on July 17, 2025, and the extension was approved by the Rights Issue Committee to give shareholders more time to subscribe. The last date for off-market renunciation of rights entitlements has also been moved to July 31, 2025, while the basis of allotment and listing timeline has been pushed to early August. No other changes have been made to the Letter of Offer or Common Application Form apart from the revised dates.
Eligible shareholders now have additional time (until August 1, 2025) to apply for their rights entitlement or renounce it. The extension may suggest slower-than-expected subscription, but the company has framed it as a shareholder-friendly measure to ensure wider participation.