Lloyds Enterprises Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/07/2025 ,inter alia, to consider and approve Rights Issue, such as the ....
LLOYDSENT · price
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Lloyds Enterprises Limited has informed the stock exchanges that a Board Meeting is scheduled for 25th July 2025 to finalise the terms of its previously approved Rights Issue. In an earlier meeting on 21st July 2025, the Board had approved issuing partly paid-up equity shares (face value Re. 1) to eligible shareholders for an amount not exceeding Rs. 99,900 Lakhs (approximately Rs. 999 crore). The upcoming meeting will determine key details such as the Rights Issue price, payment mechanism, entitlement ratio, record date, and timing of the issue. The move is subject to in-principle approval from stock exchanges and other regulatory authorities.
For existing shareholders, this Rights Issue could mean an opportunity to increase their stake, but also potential dilution if they choose not to participate. The final price and ratio will determine how attractive the offer is. The stock may see short-term volatility around the announcement of terms on 25th July.