Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Varyaa Creations Ltd, meeting on 14th April 2025, approved a Rights Issue of equity shares (face value ₹10) to eligible shareholders for an amount not exceeding ₹35 Crores. The entitlement ratio has been fixed at 1 Rights Equity Share for every 1 fully paid-up share held on the record date, which is yet to be notified. The issue price will also be decided later by a committee formed for this purpose. In a separate development, Independent Director Mrs. Nivedita Sen (DIN: 07796043) resigned from the Board with immediate effect.
Shareholders will get the opportunity to subscribe to additional shares in proportion to their existing holdings, which will dilute their stake if they don't participate but provide fresh capital to the company if they do. The rights issue price and record date are pending, so investors should watch for further announcements. The independent director's resignation is a routine governance update with no stated reason given.