Ramchandra Leasing & Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/09/2025 ,inter alia, to consider and approve allotment of 30,000,000 ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ramchandra Leasing & Finance Ltd has informed BSE that its Board of Directors will meet on September 2, 2025, to consider and approve the allotment of 30,000,000 (3 crore) equity shares on a preferential basis. The preferential issue had already received shareholder approval at an Extra-Ordinary General Meeting held on December 23, 2024. The allotment will be carried out under the Companies Act, 2013 and SEBI ICDR Regulations, 2018. The company's trading window has been closed for designated persons and their immediate relatives until 48 hours after the board meeting outcome is announced.
This is a dilution event for existing shareholders as 3 crore new shares will be allotted on a preferential basis. Shareholders should watch for details on the issue price and identity of allottees, as these will determine the actual dilution impact and any signals about incoming investors.