Intimation under Regulation 42 of SEBI (LODR)- Fixation of Record Date
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Vertex Securities Ltd has fixed Thursday, March 12, 2026 as the record date to determine shareholders eligible for its upcoming rights issue. The company will issue up to 7.40 crore partly paid-up equity shares of face value Rs. 2 each, aggregating up to Rs. 14.80 crores, in a 1:1 ratio (one rights share for every one share held). The issue is priced at Rs. 2 per share (at par, no premium), with Rs. 0.50 payable on application (25%) and the remaining Rs. 1.50 in up to two calls to be completed by March 30, 2027. The rights issue opens on March 20, 2026 and closes on March 27, 2026. If fully subscribed, the company's outstanding share count will double from 7.40 crore to 14.80 crore equity shares.
Existing shareholders must hold shares by the March 12, 2026 record date to receive rights entitlements. Since the issue is at par and on a partly paid basis, shareholders will need to deploy only 25% of the capital upfront, with the balance callable later. The doubling of the share count (if fully subscribed) could lead to share price dilution pressure post-listing.