Outcome of the Meeting of the Rights Issue Committee held on 07th May, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Yamini Investments Company Ltd's Rights Issue Committee approved the terms of a rights issue of 39.43 crore fully paid-up equity shares at Rs. 1.20 per share (face value Rs. 1, premium Rs. 0.20), raising up to Rs. 47.32 crore. The entitlement ratio is 3 new shares for every 4 shares held on the record date of May 13, 2025. The issue opens on May 27, 2025, and closes on June 23, 2025, with full payment due at the time of application. If fully subscribed, outstanding equity shares will rise from 52.57 crore to 92 crore, nearly a 75% increase in share count.
Existing shareholders as of the May 13, 2025 record date will receive rights entitlements and must decide whether to subscribe, renounce, or let them lapse. The significant increase in share count (~75% dilution) could pressure the stock price unless the capital raised generates proportionate value. Issue price is only marginally above face value, which is unusual and worth scrutinising against prevailing market price.