Announcement under Regulation 30 (LODR) - Allotment of equity shares pursuant to Rights Issue.
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Vipul Organics has completed its Rights Issue with the Rights Issue Committee approving the allotment of 44,37,291 fully paid-up equity shares on April 8, 2025. The shares were allotted at an issue price of Rs. 46 per share, which includes a premium of Rs. 36 over the face value. The basis of allotment was finalized by BSE, the designated stock exchange for the issue. The committee meeting ran from 2:35 PM to 3:10 PM on the same day.
Existing shareholders will see dilution of their holding due to the new shares being issued. The company raises additional capital (approximately Rs. 20.4 crore) which can be used for business growth or debt reduction.