Intimation of meeting of Right issue committee.
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Trans India House Impex Ltd has scheduled a meeting of its Rights Issue Committee on Saturday, May 3, 2025, at the registered office in Ahmedabad. This follows the Board of Directors' prior approval of a rights issue of fully paid-up equity shares worth up to Rs. 4,950 lakhs (around Rs. 49.5 crore) to eligible existing shareholders. At the upcoming meeting, the committee will decide on the number of shares to be issued, the issue price, the rights entitlement ratio, and the record date to identify eligible shareholders. It will also approve the Letter of Offer and other issue-related documents. No specific pricing, discount, or ratio details have been disclosed yet in this intimation.
Existing shareholders may get the opportunity to subscribe to additional shares to maintain their stake, but the issue could also lead to share dilution if not fully subscribed. Investors should watch for the issue price and entitlement ratio announcement, as the attractiveness will depend on the discount offered relative to the market price.