Allotment of Equity Shares under Rights Issue of the Company.
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Trans India House Impex Ltd has completed the allotment of equity shares under its recently concluded rights issue. The shares have been formally allocated to eligible shareholders who exercised their rights entitlement within the stipulated timeline. This marks the completion of the capital-raising exercise through the rights issue route. Shareholders who renounced or failed to apply would have had their entitlements lapse or be subscribed by other applicants.
The allotment increases the company's equity base, which may lead to near-term dilution in earnings per share for existing holders. Shareholders who participated retain their proportional ownership, while non-participants face dilution in their stake.