Skipper Limited has informed the Exchange regarding Outcome of Committee Meeting held on May 20, 2025.
SKIPPER · price
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Awaiting price reaction for this filing.
Skipper Limited has collected Rs. 197.58 Crores (99.20%) of the First and Final Call Money of Rs. 145.50 per share on partly paid-up rights equity shares allotted in February 2024 under its earlier Rights Issue (total issue size Rs. 199.18 Crores). The Rights Issue Committee noted that call money is still unpaid on 1,09,888 partly paid-up shares out of 1,02,67,021 shares. The company has waived the 10% per annum interest on delayed payment and issued a Final Reminder-cum-Forfeiture Notice with a payment window from May 23, 2025 to June 6, 2025. Any shares for which payment is not received by June 6, 2025 will be forfeited without further notice.
This is a housekeeping update on an already-completed rights issue from 2024 and is largely neutral for current shareholders. It does signal that a very small fraction (about 0.1%) of rights shares may be forfeited, which slightly increases the effective stake of existing shareholders but has no material price impact.