The Board of directors approved the further issue of equity shares through Issue of Rights basis.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.2 pts less than Nifty Microcap 250 and 7.6 pts less than its Residential, Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vivid Mercantile Ltd's board, at a meeting on April 4, 2025, approved a rights issue of fully paid-up equity shares to existing shareholders. The issue size could be up to Rs. 49 crores, with the number of shares and ratio to be decided by the board. The face value of each share is Rs. 1. The company has not yet disclosed the issue price, entitlement ratio, record date, or timeline — these will be shared later. This is a fund-raising exercise and not a buyback or bonus issue.
Existing shareholders will get a chance to subscribe to the rights issue and maintain their stake. The final impact on share price and dilution will depend on the issue price and ratio, which are yet to be announced. Until those details come, the market may react cautiously to the potential dilution from a Rs. 49 crore equity raise.