Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR"), we wish to inform you that the Board of Directors of Shri Niwas ....
Awaiting price reaction for this filing.
The Board of Directors of Shri Niwas Leasing and Finance Ltd, at its meeting on April 9, 2025, approved the allotment of 3,99,70,000 partly paid-up equity shares under its Rights Issue. The shares have a face value of ₹10 each and were issued at ₹10 per share (i.e., at par), with ₹5 per share called on application and the remaining ₹5 payable later. Pre-issue, the company had 39,97,000 fully paid-up shares; post-allotment, the total equity base rises to roughly 4.39 crore shares (of which 3.99 crore are partly paid). The allotment was made per the Letter of Offer dated February 20, 2025 and was approved by BSE as the designated stock exchange.
This is the formal completion of a 10-for-1 rights issue priced at par, which expands the company's share base tenfold and brings in additional capital, though half the issue amount is still to be called. For shareholders, dilution is significant, and any future 'call money' demand may need to be funded or risk forfeiture of partly paid shares.