We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., Friday, May 2, 2025, has considered and approved the acceptance of Right Issue Offer Letter ....
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Shri Jagdamba Polymers Ltd's Board of Directors, at a meeting held on May 2, 2025, approved the acceptance of a Rights Issue Offer Letter from its subsidiary, M/s Global Polyweave Private Limited (GPPL). The company will invest its funds by subscribing to this Rights Issue in GPPL. Further details regarding the investment amount and terms will be disclosed once the acquisition is finalized. The filing was made under SEBI LODR Regulation 30 to inform the stock exchange.
This is a routine capital infusion into an existing subsidiary and is unlikely to have a material impact on the listed entity's stock price. Shareholders should await further details on the investment amount and valuation.