Intimation of receipt of In- Principle approval from BSE Limited of proposed Right Issue under Regulation 30 of SEBI (LODR) Regulations, 2015
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U. H. Zaveri Ltd has received in-principle approval from BSE Limited for its proposed Rights Issue of fully paid-up equity shares. The approval letter was issued by BSE on July 31, 2025, and the company informed the exchange on August 1, 2025. This is a procedural clearance allowing the company to mention BSE's name in its Letter of Offer and other related documents. Key details such as the issue price, ratio, record date, and total issue size have not yet been disclosed in this filing. The company still needs to fix a record date and announce the rights issue price at least three working days in advance.
This is a routine procedural step and does not by itself affect the stock price. Shareholders should watch for the upcoming announcement of the rights issue price, ratio, and record date to evaluate whether to participate. A rights issue typically involves fresh equity dilution, so existing shareholders will need to decide whether to subscribe to maintain their stake.