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 0 per share.
LLOYDSENT · price
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Awaiting price reaction for this filing.
Lloyds Enterprises Limited's Board, at a 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 (around Rs. 999 crore). The shares will be offered to eligible shareholders as on a record date that is yet to be determined. The company also set up a Rights Issue Committee to handle the issue. 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 note that headline figures showed a 0:0 ratio and Rs. 0 price appears to be a placeholder glitch on the NSE portal, as the actual filing clearly describes a sizeable rights issue.
Existing shareholders may need to put in additional money if they wish to maintain their stake, once the final ratio and price are announced. The actual dilution and pricing impact on the stock will only become clear when those terms are disclosed.