Announcement under Regulation 30 ( LODR) - Issue of Securities on Right Basis and decided the terms of the Right Issue
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Vertex Securities Limited has finalized the terms of its rights issue, approved initially by the Board on January 28, 2026. The company will issue up to 7,40,12,189 partly paid-up equity shares of Rs. 2 face value each, aggregating up to Rs. 1,480.24 lakhs (about Rs. 14.8 crores). The issue price is Rs. 2 per share, which is at par (no premium). The rights entitlement ratio is 1:1, meaning every eligible shareholder can buy one new share for every share held on the record date of March 12, 2026. The issue opens on March 20, 2026 and closes on March 27, 2026. Shareholders need to pay Rs. 0.50 (25%) on application and the remaining Rs. 1.50 (75%) in up to two calls to be completed by March 30, 2027. If fully subscribed, the company's outstanding shares will double from about 7.4 crore to 14.8 crore shares.
Existing shareholders get a 1:1 opportunity to maintain their stake at a low entry price (at par). However, the partly paid-up structure means only 25% is needed upfront with the rest in calls by March 2027, which dilutes equity over time. For the stock, a large rights issue at par is typically dilutive, and the company's purpose for raising funds has not been disclosed in this filing.