Revised last date for on market Renunciation for Right Entitlement.
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Markobenz Ventures Limited has filed a rectification to its May 22, 2025 board meeting outcome, revising the last date for on-market renunciation of Rights Entitlement from Friday, June 20, 2025 to Thursday, June 19, 2025 (one day earlier). The company is undertaking a Rights Issue of 4.80 crore fully paid-up equity shares at Rs. 10.20 per share, aggregating Rs. 48.96 crore, with a 5:2 entitlement ratio (5 rights shares for every 2 held). The Rights Issue opens on June 10, 2025 and closes on June 25, 2025, with the Record Date fixed at May 28, 2025. All other terms of the Rights Issue remain unchanged.
The one-day earlier renunciation deadline is largely administrative and unlikely to materially affect existing shareholders. Investors must hold shares on the May 28, 2025 record date to be eligible for the 5:2 rights entitlement at Rs. 10.20 per share.