Intimation regarding postponement and rescheduling of Meeting of Board of Directors ("Board") / Rights Issue Committee of Lloyds Enterprises Limited ("Company").
LLOYDSENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Lloyds Enterprises had approved a Rights Issue of up to Rs. 99,900 Lakhs (partly paid-up equity shares of Re. 1 face value) on July 21, 2025. A Board / Rights Issue Committee meeting was scheduled for July 25, 2025 to finalise the issue price, entitlement ratio, record date and other terms. This meeting has now been postponed because the stock exchanges (BSE and NSE) have not yet granted in-principle approval — they are still reviewing the Draft Letter of Offer and raising queries. The company says it will announce a new meeting date once those approvals come through.
This is a procedural delay rather than a change in plan. The Rights Issue itself is still on track, but shareholders will have to wait a little longer for clarity on the price, ratio and record date, which could briefly hold back the stock pending final terms.