Issuance of fully paid up equity shares of the company by way of Right Issue in accordance with the Companies Act 2013 and SEBI (ICDR) Regulations, 2018.
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The Board of Directors of Veerkrupa Jewellers Ltd, at a meeting held on April 4, 2025, approved a Rights Issue of fully paid-up equity shares (face value Rs. 1 each) to existing shareholders. The total issue size will aggregate up to Rs. 49 Crores, with the exact number of shares, entitlement ratio, issue price, record date, and other terms to be decided by the Board and communicated later. The issuance will comply with the Companies Act 2013 and SEBI ICDR Regulations 2018. Further details will be provided in due course as per SEBI disclosure requirements.
Existing shareholders will get the opportunity to subscribe to additional shares in proportion to their existing holdings, which may lead to dilution if they do not participate. The Rs. 49 Crore capital raise could strengthen the company's balance sheet for growth or operational needs, but final impact depends on the issue price and purpose, which are yet to be disclosed.