Lloyds Enterprises Limited has informed the Exchange that Board of Directors at its meeting held on July 21, 2025, has decided to issue equity shares on rights basis in the ratio of 0 : 0, i.e 0 Equity Shares for every 0 Equity Shares held. Issue Price is Rs. 0 per share.
LLOYDSENT · price
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The Board of Directors of Lloyds Enterprises Limited, at its meeting on July 21, 2025, approved a Rights Issue of partly paid-up equity shares with a face value of Re. 1 each, for an amount not exceeding Rs. 99,900 Lakhs (approximately Rs. 999 crore). The issue will be offered to eligible shareholders as on a record date, which is yet to be notified. The company has constituted a Rights Issue Committee to handle the issue and allotment process. Key details such as the issue price, entitlement ratio, record date, and payment terms will be decided later by the Board or the Committee. The board meeting lasted about 35 minutes (11:00 a.m. to 11:35 a.m.).
This is a sizeable capital raise of nearly Rs. 1,000 crore that will result in dilution for existing shareholders unless they participate fully. Shareholders should watch for the upcoming announcement of the entitlement ratio and issue price, which will determine the actual cost of subscribing and the extent of potential dilution.