We have attached herewith Announcement as per Regulation 30 of SEBI, LODR Regulation, 2015. Kindly take the same on your record. Thank you.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 1.9 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sonalis Consumer Products Ltd informed the stock exchange about the outcome of its Board Meeting held on May 7, 2025. The Board allotted 27,50,000 equity shares of face value Rs. 10 each on a rights basis to eligible existing shareholders as per the record date of March 28, 2025, following approval of the basis of allotment from BSE. Additionally, the Board approved opening a new branch office in Veraval-Shapar, Rajkot, and a new Corporate Office on 150 Feet Ring Road, Rajkot, both in Gujarat. This indicates an expansion of the company's physical presence in Gujarat alongside the completion of its rights issue.
The completion of the rights issue means new shares have been issued, which may lead to equity dilution for existing shareholders. The new offices in Rajkot suggest operational expansion, which could be positive for future business growth if executed well.