Outcome of the Meeting of the Board of Directors of Rajnish Wellness Limited held today i.e. Wednesday, 28th May, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of Rajnish Wellness Ltd approved the terms of a rights issue first announced on December 26, 2024. The company will issue 48.67 crore fully paid-up equity shares of Rs. 1 each, raising up to about Rs. 48.67 crore. The issue price is Rs. 1 per share (at par, no premium). Existing shareholders will be entitled to 19 new shares for every 30 shares held. The record date is Tuesday, June 3, 2025. The rights issue opens on June 12, 2025 and closes on July 11, 2025. After the issue, total outstanding shares will rise from about 76.85 crore to 125.52 crore, a dilution of roughly 63% if fully subscribed.
Existing shareholders must decide by July 11, 2025 whether to subscribe to their entitlement or let it lapse; not subscribing will lead to significant dilution of their holding. The issue at face value (Rs. 1) with no premium is unusual and may reflect a low market price, so investors should weigh the cost of fresh capital against potential future value.