Board approves Rights Issue to raise up to Rs. 2600 Lakhs

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+0.3% vs market

Other Agricultural Products peers, median of 60sector+0.0%+0.4% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.4 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Naturite Agro Products board approved raising up to Rs. 2600 Lakhs via a Rights Issue of equity shares (face value Rs. 5 each). Eligible shareholders as on a record date (to be notified later) will be offered rights to subscribe. A Rights Issue Committee has been formed to finalise terms, pricing, and appoint intermediaries.

Likely market impact

Potential equity dilution. Existing shareholders can subscribe to maintain their holding. Final issue price and discount yet to be announced.