Rajnish Wellness Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2025 ,inter alia, to consider and approve various matters relating to ....
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Rajnish Wellness Ltd has informed BSE that its Board of Directors will meet on Wednesday, 28th May 2025 at its Mumbai office. The meeting will consider and approve various matters related to the company's proposed Rights Issue, including the issue price, payment mechanism, issue size, rights entitlement ratio, record date, and timing. This follows an earlier board approval (dated December 26, 2024 as referenced) for a Rights Issue of up to Rs. 49.90 Crores through equity shares of Rs. 1 face value. The company is finalising the terms of this capital raise in line with SEBI and Companies Act requirements.
This is a routine pre-announcement ahead of a key corporate action. Existing shareholders should watch for the outcome on 28th May 2025, when final Rights Issue terms — especially price, entitlement ratio, and record date — will be disclosed. If fully subscribed, the Rs. 49.90 Crore raise will expand the company's capital base but will result in dilution for current shareholders.