Outcome of the meeting of the Right Issue Committee held on 07th May, 2025
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Yamini Investments Company Ltd's Rights Issue Committee has finalised the terms of its proposed rights issue, originally approved by the Board on 22 January 2025. The company will issue 39,42,94,800 fully paid-up equity shares of face value Rs. 1 each at a premium of Rs. 0.20, fixing the issue price at Rs. 1.20 per share and raising up to Rs. 47.32 crore. Existing shareholders will be offered 3 shares for every 4 shares they hold on the record date of Tuesday, 13 May 2025. The rights issue window opens on 27 May 2025 and closes on 23 June 2025, with the total share count rising from about 52.57 crore to 92 crore shares if fully subscribed.
Eligible shareholders need to hold shares by the 13 May 2025 record date to receive the 3:4 rights entitlement; the price of Rs. 1.20 carries only a small premium over face value, but the issue will roughly dilute existing holdings by 75% if fully subscribed, which could pressure the stock price near the record date.