Please find attached herewith outcome of Board Meeting for Extension of Right Issue. Kindly take the same on your record. Thank you.
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Sonalis Consumer Products has further extended the closing date of its ongoing Rights Issue to Friday, May 2, 2025, from the previous date of Tuesday, April 29, 2025. The issue opened on April 11, 2025, and was originally scheduled to close on April 25, 2025. The rights issue offers up to 29,98,500 equity shares at ₹54.60 per share (including a ₹44.60 premium over the ₹10 face value), aggregating up to ₹16.37 crore, in the ratio of 3 shares for every 2 shares held on the record date of March 28, 2025. The board approved the extension at its meeting on April 28, 2025, to give shareholders more time to apply. No other changes have been made to the Letter of Offer terms.
Eligible shareholders now have until May 2, 2025 to subscribe or renounce their rights entitlements. Repeated extensions may signal weak subscription interest so far, though no terms have been altered.