1. Issuance of fully paid-up Equity Shares of the Company, by way of a rights issue (the 'Rights Issue), in accordance with the Companies Act, 2013 as amended and the rules made thereunder, ....
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The Board of Directors of Veerkrupa Jewellers Ltd, at a meeting held on April 4, 2025, approved raising funds through a Rights Issue of fully paid-up Equity Shares (face value Rs. 1 each). The total issue size will aggregate up to Rs. 49 Crores, offered to existing shareholders. The specific terms — including issue price, entitlement ratio, record date, and issue timeline — have not been disclosed yet and will be communicated later. The meeting lasted from 11:00 AM to 11:30 AM.
Existing shareholders will get the right to subscribe to additional shares in proportion to their current holdings, which could dilute non-participating shareholders. The final impact will depend on the issue price and entitlement ratio, which are yet to be announced.