Intimation of In-Principle approval of Rights Issue under Regulation 30 of the SEBI (LODR) Regulations, 2015
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Scoobee Day Garments (India) Ltd has received an in-principle approval from BSE (dated August 14, 2025) for a proposed Rights Issue of fully paid-up equity shares. The company informed BSE about this approval on August 18, 2025 under SEBI LODR regulations. The approval allows the company to use BSE's name in its Letter of Offer. No details on the size, issue price, or ratio of the rights issue have been disclosed yet. The company still needs to fix a record date, finalize offer documents, and complete remaining statutory and listing formalities before the issue can proceed.
This is an early-stage procedural step and does not by itself result in any equity dilution or capital raise. Shareholders should watch for the upcoming record date announcement and details on the issue price and ratio to assess dilution and whether to participate.