With reference to the captioned Rights Issue, we hereby inform you that, pursuant to resolution passed by the Board of Directors of the Company in the Board Meeting held on Thursday, 30th ....
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The Board of Directors has extended the closing date of its Rs. 48.08 crore Rights Issue from 7th November 2025 to 14th November 2025, along with extending the Rights Entitlement trading period from 31st October to 10th November 2025. The issue involves up to 48.08 crore equity shares of Re. 1 face value, offered at Re. 1 per share — equal to face value, with no premium — in a ratio of 1 rights share for every 2 shares held. The record date of 23rd September 2025 remains unchanged, and the revised allotment date is now expected around 20th November 2025. The extension was made to give shareholders additional time to subscribe or renounce their entitlements.
The extended timeline gives eligible shareholders more breathing room to participate, but it may also signal slower subscription momentum. Since the issue price equals face value, it represents a steep discount to any prevailing market price, making it attractive for existing shareholders who choose to subscribe.