The Board of Directors of the Company, at its meeting held today, i.e., March 06, 2026, inter alia, considered and approved the terms of the Rights Issue..
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Vertex Securities Ltd's board, at its meeting on March 06, 2026, finalized the terms of a Rights Issue of up to Rs. 14.80 crores (1,480.24 lakhs). The company will issue up to 7.40 crore partly paid-up equity shares of Rs. 2 face value at Rs. 2 per share (at par, no premium) in a 1:1 ratio, meaning every shareholder gets one rights share for each share held. The record date is March 12, 2026; the issue opens March 20 and closes March 27, 2026. Shareholders pay only 25% (Rs. 0.50) on application, with the remaining 75% due in calls by March 30, 2027. If fully subscribed, the share count will double from 7.40 crore to 14.80 crore equity shares.
Existing shareholders will face up to 50% dilution if fully subscribed, but since shares are priced at par with no premium, the issue is fairly valued. The partly paid-up structure lightens the immediate cash burden, giving shareholders time to arrange funds for future calls.