Solara Active Pharma Sciences Limited has informed the Exchange regarding Rights Issue Committee Meeting held on April 02, 2025 interalia, to consider and approve the First Call Notice to be sent to the eligible shareholders
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Solara Active Pharma Sciences informed the exchange that its Rights Issue Committee met on April 02, 2025. The committee interalia considered and approved the First Call Notice to be sent to eligible shareholders. This is a procedural step in an ongoing rights issue, where shareholders who had applied for rights entitlements will now be asked to pay the first installment of the call money. Details of the issue size, price, or discount are not mentioned in this announcement.
Shareholders who were allotted rights shares should watch for the First Call Notice for payment timelines. Existing shareholders not yet applied for their rights entitlement may need to act before any later call dates to avoid forfeiture. The announcement itself is procedural and unlikely to cause immediate price movement.