Intimation for Newspaper Advertisement with respect to Right Issue of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vertex Securities Limited has published a pre-issue newspaper advertisement in Financial Express (English), Jansatta (Hindi), and Mangalam (Malayalam) on March 17, 2026, for its upcoming Rights Issue. The company is offering up to 7,40,12,189 partly paid-up equity shares of face value Rs. 2 each at par, aggregating up to Rs. 1,480.24 Lakhs, in the ratio of 1 rights share for every 1 fully paid-up share held. The record date is March 12, 2026, the issue opens on March 20, 2026, and closes on March 27, 2026. Shareholders need to pay Rs. 0.50 on application and the remaining Rs. 1.50 on subsequent calls. Promoters Transwarranty Finance Limited and Kumar Nair will renounce their rights entitlement in favor of specific investor Araeza India Strategy Partners LLP, which will apply for 5,34,31,493 shares. The Letter of Offer was dispatched on March 16, 2026.
Eligible shareholders as of the March 12, 2026 record date can subscribe to the rights issue at Rs. 2 per share (paid in two tranches). The promoter's renunciation in favor of Araeza India Strategy Partners LLP means existing public shareholders will not benefit from promoter subscription, which may affect the demand and subscription ratio for the issue. The stock may see short-term price pressure as the rights entitlement trades ex-rights.