We attached herewith outcome of Board Meeting of Right Issue Allotment. Further, we hereby inform that the following matters inter alia have been considered, approved and taken on record ....
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Sonalis Consumer Products Ltd has allotted 27,50,000 equity shares of face value Rs. 10 each on a rights basis to eligible existing shareholders as on the record date of March 28, 2025, after receiving the basis of allotment approval from BSE. The company had received approval for the rights issue earlier and has now finalised the share allocation. In the same board meeting, the company also approved opening of a branch office in Veraval-Shapar (Rajkot, Gujarat) and a corporate office in Rajkot. The board meeting was held on May 7, 2025, from 6:00 PM to 7:00 PM.
The rights issue allotment increases the company's share capital by Rs. 2.75 crore (27.5 lakh shares × Rs. 10 face value) and dilutes existing shareholdings proportionally. Shareholders should expect updated demat holdings reflecting the newly allotted shares. The new offices in Gujarat suggest an expansion of operational footprint, though the company is relatively new (incorporated in 2022).