Shradha Infraprojects Limited has informed the Exchange that Board of Directors at its meeting held on September 10, 2025, has inter alia, considered and approved the Rights Issue Price, Issue Size, Record Date, Rights Entitlement Ratio and other terms of Rights Issue
SHRADHA · price
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The Board of Directors of Shradha Infraprojects Limited, at its meeting on September 10, 2025, approved the key terms of a proposed Rights Issue, including the issue price, total issue size, record date, and the rights entitlement ratio. Specific numerical details such as the price, size, and ratio were not disclosed in this filing and are expected to be communicated separately. This is the company's first formal announcement confirming its intent to raise capital through a rights issue to existing shareholders.
Existing shareholders should watch for further disclosures with the record date and entitlement ratio, as they will determine participation eligibility and dilution. A rights issue typically puts short-term pressure on stock price until pricing details and market sentiment are clear.