Arvaya Healthcare524723Rights issue announcement

Board adopts draft letter of offer for Rs. 210 crore partly paid rights issue; postal ballot also approved

Board meeting on 4th November 2026 cleared two main items.

By ScoutQuest · Wed 4 Nov 2026, 6:43 PM IST · 2 min read

Rights Issue Size: up to ₹21,000.00 lakhs (Rupees Two Hundred Ten Crore only), assuming full subscription, allotment and receipt of all call monies
Instrument: partly paid-up equity shares
Update: Draft Letter of Offer to be shared with BSE for in-principle approval; issue price, entitlement ratio and record date yet to be decided

The Board of Arvaya Healthcare Ltd met on Wednesday, November 04, 2026, through video conferencing, and approved two items at the meeting.

Proposed Rights Issue

The Board approved and adopted the Draft Letter of Offer for a proposed Rights Issue of partly paid-up equity shares to the company's eligible equity shareholders, for an amount aggregating up to ₹21,000.00 lakhs (Rupees Two Hundred Ten Crore only). That figure assumes full subscription, allotment and receipt of all call monies. The Draft Letter of Offer is being submitted to BSE Limited, the designated stock exchange, for in-principle approval.

Instrument: partly paid-up equity shares
Size: up to ₹21,000.00 lakhs, that is Rs. 210 Cr
Assumption behind the size: full subscription, allotment and receipt of all call monies
Who can apply: eligible equity shareholders of the company
Shared with: BSE Limited, for in-principle approval

What partly paid-up means

In a partly paid-up issue, a shareholder does not pay the entire issue price at one go. Part is paid on application and the rest in one or more calls later. The update states that the amount payable on application and on subsequent call(s) will be decided and intimated separately.

Still to be decided

The issue price
The rights entitlement ratio
The amount payable on application and on subsequent call(s)
The record date

These will be decided by the Rights Issue Committee or the Board, as applicable, and intimated to the stock exchange separately. The Board had earlier granted approval at its meeting held on 11th July 2026.

Postal Ballot

The Board approved the conduct of a postal ballot, including remote e-voting, under Sections 108 and 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, for seeking the approval of the Members. It approved the appointment of National Securities Depository Limited (NSDL) as the e-voting service provider, and the appointment of CS Chinmay Mohan Lele, Practising Company Secretary (Membership No. F-12351 / COP No. 28362), as the Scrutinizer for the postal ballot and e-voting process.

Meeting details

The meeting commenced at 4.10 p.m. and concluded at 6:00 p.m. The outcome is also being made available on the company's website.

What a retail shareholder should watch

A rights issue gives existing shareholders the first right to subscribe to new shares, usually in a fixed proportion to what they already hold. Since the price, the ratio and the record date are not yet fixed, the entitlement and the money a shareholder would need to put in can only be worked out once those terms are announced. The separate intimation from the company on these terms is the next milestone to track.

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