Outcome of Rights Issue Committee Meeting for Rights Issue.
Price
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Awaiting price reaction for this filing.
Trans India House Impex Ltd has finalised the terms of its rights issue, which was originally approved by the Board on May 30, 2024. The company will issue up to 3,55,26,000 fully paid-up equity shares of ₹10 face value at ₹13.90 per share (a premium of ₹3.90), aiming to raise up to ₹49.38 crores. The rights entitlement ratio is 1:1 — meaning shareholders receive one rights share for every share held as on the record date of May 8, 2025. The issue opens on May 27, 2025 and closes on June 17, 2025, with full payment due at application. The company has also adopted the Letter of Offer and Abridged Letter of Offer for filing with BSE and SEBI.
Existing shareholders must decide whether to subscribe by June 17, 2025 to maintain their proportional ownership, given the 1:1 ratio. Because the issue price is only modestly above face value, shareholders should compare ₹13.90 to the prevailing market price to judge whether the rights entitlement is attractive.