The Board of Directors of Vineet Laboratories Limited at its meeting held today i.e., on Thursday, November 27, 2025, approved the following:1. Raise of funds by way of issue of equity shares of the Company of face value Rs.10/- (RupeeTen Only) each for an aggregate amount not exceeding Rs.3,000 Lakhs (Rupees ThreeThousand Lakhs) on Right issue basis, on such terms and conditions as may be decided bythe Board of Directors / Rights Issue Committee to the eligible equity shareholders of theCompany, as on the record date (to be notified subsequently).The issue is subject to the receipt of applicable regulatory, statutory approvals, inaccordance with the provisions of the Securities and Exchange Board of India (Issue ofCapital and Disclosure Requirements) Regulations, 2018, Securities and Exchange Board ofIndia (Listing Obligations and Disclosure Requirements), Regulations, 2015, and theCompanies Act, 2013 and the rules made thereunder, as amended from time to time.2. Constitution of the Rights Issue Committee, consisting of Mr. Gaddam Venkata Ramana,Mr. Satyanarayana Raju Bhupathiraju, Mr. Premananda Reddy Vennapusa, Mr. Dilip VishnuAcharekar empowering them to undertake all the necessary activities for the completion ofthe proposed Rights Issue.
VINEETLAB · price
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The Board of Directors of Vineet Laboratories Limited, at a meeting held on November 27, 2025, approved raising funds up to Rs. 3,000 Lakhs (Rs. 30 Crores) through a Rights Issue of equity shares with a face value of Rs. 10 each. The shares will be offered to existing eligible equity shareholders on a record date that will be notified later. The Board has also constituted a Rights Issue Committee comprising four directors to oversee and execute the issue. The fund raise is subject to necessary regulatory and statutory approvals under SEBI ICDR Regulations, SEBI LODR Regulations, and the Companies Act, 2013.
Eligible shareholders will get the right (but not obligation) to buy additional shares in proportion to their existing holdings, which could lead to dilution if they do not subscribe. The company is set to strengthen its capital base, but the specific end-use of the Rs. 30 Crore proceeds has not been disclosed.