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Markobenz Ventures Limited has revised the outcome of its 22nd May 2025 Board Meeting regarding a Rights Issue of 4.8 crore fully paid-up equity shares, aggregating to approximately Rs. 48.96 crore at Rs. 10.20 per share. The entitlement ratio is 5 shares for every 2 shares held, with the Record Date set for 28th May 2025. The Rights Issue opens on 10th June 2025 and closes on 25th June 2025. The only rectification is the last date for on-market renunciation of rights entitlement, which has been moved from 20th June 2025 to 19th June 2025. All other terms remain unchanged.
Eligible shareholders as of the 28th May 2025 Record Date can subscribe to the rights entitlement in a 5:2 ratio. Existing shareholders should note the earlier renunciation deadline (19th June 2025) if they wish to sell their rights, and the issue price of Rs. 10.20 per share. The revision is administrative and does not materially change the issue terms.