Dear Sir/Madam, Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the ....
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Awaiting price reaction for this filing.
Markobenz Ventures Limited (formerly Evergreen Textiles Limited) has extended the closing date of its ongoing Rights Issue by one week. The issue, which opened on June 10, 2025, was originally set to close on June 30, 2025, but will now close on July 7, 2025. The last date for on-market renunciation has been pushed from June 25, 2025 to July 2, 2025. The company says this is to give eligible equity shareholders more time to apply. There is no change to the terms and conditions of the Letter of Offer other than the revised timeline.
Eligible shareholders now have an additional week to subscribe to or renounce their rights entitlement. A deadline extension may indicate lower-than-expected subscription and could be mildly negative for sentiment, as it sometimes suggests weak demand.