Raising of funds
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.6 pts less than Nifty Microcap 250 and 5.8 pts less than its Garments & Apparels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Scoobee Day Garments (India) Ltd's board has approved a Rights Issue of up to 45 lakh fully paid-up equity shares at ₹90 per share (face value ₹10, premium ₹80), aiming to raise up to ₹4,050 lakhs from existing eligible shareholders. The entitlement ratio is 1 rights share for every 3 shares held, with the record date set as September 2, 2025. The issue opens on September 12, 2025 and closes on September 19, 2025. Post-issue, outstanding shares would rise from 1.35 crore to 1.80 crore assuming full subscription. The board also fixed September 29, 2025 for the 31st Annual General Meeting and approved a revision in the Managing Director's remuneration, subject to shareholder approval.
Existing shareholders can subscribe to the rights issue at ₹90 per share, but failure to subscribe or renounce will lead to dilution of their stake by about 33% on a fully subscribed basis. The fund-raising may put short-term pressure on the stock ex-rights, and the MD remuneration revision could be an additional point of shareholder attention at the AGM.