The Board of Directors of the Company at their meeting held today, have discussed and approved the following business: 1. The Board has considered and approved raising of funds through ....
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Super Crop Safe Ltd's Board of Directors, at a meeting held on April 2, 2025, approved raising of funds up to Rs. 32 Crores through a Rights Issue of fully paid-up equity shares (face value Rs. 2 each) to existing shareholders. The Board also constituted a Rights Issue Committee to finalise terms such as issue size, entitlement ratio, issue price, record date, and timing. Additionally, the Board appointed M/s. SPANJ & Associates as the Secretarial Auditor for FY 2025-26.
Existing shareholders will get the opportunity to subscribe to additional shares in proportion to their current holdings, which could lead to share dilution if they choose not to participate. The stock may see short-term volatility around the record date announcement and rights issue pricing.