Revised outcome of Board meeting dated 17th June 2025
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Markobenz Ventures Limited has extended the closing date of its ongoing Rights Issue from Wednesday, June 25, 2025 to Monday, June 30, 2025. The last date for On Market Renunciation has also been pushed from Thursday, June 19, 2025 to Wednesday, June 25, 2025. The Rights Issue had originally opened on Tuesday, June 10, 2025. The company says the extension is to give eligible shareholders a wider window to apply. No other terms of the Letter of Offer or application form have changed, and an addendum with the revised timeline has been uploaded to the company, registrar, and BSE websites.
Existing eligible shareholders get extra time to subscribe to the rights entitlement or renounce it on the market. The extension itself is a routine timeline change and does not alter the economics of the issue, so near-term impact on the stock is likely limited.