With reference to the captioned subject matter, this is to inform you that, meeting of the right issue committee of the Company held on today, and approved the Draft Letter of Offer for ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 0.7 pts less than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Rights Issue Committee of Super Crop Safe Ltd met on 5th May 2025 and approved the Draft Letter of Offer (DLOF) for a proposed Rights Issue to existing eligible shareholders. The company plans to raise funds not exceeding Rs. 32 crores by issuing fully paid-up equity shares of Rs. 2 face value. The issue price, ratio, and record date have not been finalised yet and will be decided by the Board or Rights Issue Committee at a later date. The DLOF will now be submitted to BSE for in-principle approval before the issue can proceed. The meeting ran from 1:30 PM to 2:30 PM at the registered office in Ahmedabad.
This signals an upcoming equity fund-raise of up to Rs. 32 crores through a rights issue, which may lead to share dilution. Existing shareholders will get the right (but not obligation) to subscribe and maintain their proportional stake. Share price reaction will depend on the eventual issue price, ratio, and timing once finalised.