Rectification in Outcome of Board Meeting held on Monday, 05th May, 2025 under Regulation 30 of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Sattva Sukun Lifecare has revised the timeline of its rights issue that was originally approved by the Board on 05th May, 2025. The Last Date for On Market Renunciation of Rights Entitlement has been pushed from 06th June, 2025 to 20th June, 2025, and the Rights Issue Closing Date has been moved from 11th June, 2025 to 26th June, 2025. The Opening Date (28th May, 2025) and Record Date (09th May, 2025) remain unchanged. The company is issuing 48 crore equity shares of Re. 1 each at Re. 1 per share in a 5-for-2 ratio, aiming to raise up to Rs. 49.5 crore. The board also approved FY25 audited results, appointed a new director, and noted the resignations of two independent directors due to personal reasons.
The extension of the rights issue window gives eligible shareholders more time to subscribe or renounce their entitlements, which may marginally help subscription. However, a longer open period also delays capital raising and dilution clarity, which is mildly negative for the stock in the short term.