Markobenz Ventures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/05/2025 ,inter alia, to consider and approve Dear Sir/Madam, This is ....
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Markobenz Ventures (formerly Evergreen Textiles) has called a Board meeting on May 22, 2025 to finalize the terms of its previously approved Rights Issue of up to Rs. 49 Crores. The Board will decide on the issue price, rights entitlement ratio, issue size, payment mechanism, record date, and opening/closing dates. The company has already received in-principle approval from BSE for the Rights Issue. The Board will also approve the Letter of Offer and related documents. The trading window for dealing in the company's shares is closed until 48 hours after the meeting outcome is declared.
Existing shareholders may need to invest more money to maintain their stake once the rights entitlement ratio and price are announced. The stock could see short-term volatility as the dilution size and pricing become clearer after the meeting.