Withdrawal of Right Issue of Yamini Investments Company Limited
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▲ 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 Limited had announced a Rights Issue opening on May 27, 2025 and closing on June 23, 2025. The company has now informed shareholders that the rights issue has been withdrawn because it failed to receive the minimum required subscription under SEBI's ICDR Regulation 86(2). The company has instructed banks to unblock any amounts already blocked from shareholders' accounts, and shareholders are advised to contact the registrar if refunds are not received. Director Vandana Agarwal signed the announcement on June 23, 2025.
This is a negative development for shareholders — the capital-raising plan has collapsed, signaling weak investor demand or poor pricing of the issue. Existing shareholders neither gain new shares nor lose money beyond potential opportunity cost, but the company's growth/funding plans may be delayed.