Rajoo Engineers Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/07/2025 ,inter alia, to consider and approve To consider and decide the ....
RAJOOENG · price
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Rajoo Engineers Limited has informed BSE and NSE that its Board of Directors will meet on Monday, July 21, 2025, at the company's facility in Gujarat. The key agenda is to decide the issue price for equity shares to be allotted to Qualified Institutional Buyers (QIBs) under a Qualified Institutional Placement (QIP), including any permissible discount. The pricing will follow the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This intimation has been filed under Regulation 29 of the SEBI Listing Regulations. The company is yet to announce the final price, quantum, or timing of the actual QIP issue.
For existing shareholders, this signals potential equity dilution once the QIP is launched, as new shares will be issued to institutional investors. The stock may see short-term pressure depending on the final issue price relative to the market price, especially if a deep discount is approved.