Rights Issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 4.3 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kati Patang Lifestyle Ltd (formerly VirtualSoft Systems Limited) has announced that its Board of Directors, at a meeting held on 30th May 2025, approved a Rights Issue to raise approximately Rs 15 crore. The company will issue equity shares with a face value of Rs 10 each to eligible existing equity shareholders as on a record date that is yet to be notified. The Board has reserved the right to revise the issue size upwards or downwards before the record date is declared. Key details such as issue price, entitlement ratio, record date, and payment terms will be decided by the Board in due course, subject to regulatory approvals under SEBI ICDR Regulations.
Existing shareholders will get the opportunity to subscribe to additional shares in proportion to their current holdings, potentially diluting their stake if they do not participate. The fresh capital could support business growth, though the specific end-use of funds has not been disclosed in this filing.