Letter of Offer for Rights Issue under Regulation 30 of SEBI (LODR) Regulation, 2015.
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Scoobee Day Garments (India) Ltd is launching a rights issue of up to 45,00,000 fully paid-up equity shares at a price of ₹90 per share (face value ₹10, premium ₹80). The total issue size aggregates up to ₹4,050 lakhs (about ₹40.5 crore). Eligible shareholders can subscribe in the ratio of 1 rights share for every 3 fully paid-up shares held on the record date of September 2, 2025. The issue opens on September 12, 2025 and closes on September 19, 2025, with renunciation permitted on-market until September 16, 2025. The company's existing equity shares are listed on BSE, and it has received in-principle approval from BSE for listing of the rights shares.
Existing shareholders will need to decide whether to subscribe to their entitlement by September 19, 2025, or let it lapse and face dilution of roughly 25% in their shareholding. Since the issue price (₹90) carries an ₹80 premium over face value, the company is raising fresh capital well above par value, which could be dilutive for non-subscribing shareholders depending on how the proceeds are deployed.