ASAvio Smart Market Stack532694Rights issue announcement

Board meeting to consider proposed rights issue postponed; exchange in-principal approvals awaited

The Board meeting fixed for October 29, 2026 to consider the proposed rights issue has been postponed.

By ScoutQuest · Thu 29 Oct 2026, 5:43 PM IST · 1 min read

Proposed Rights Issue Size

not exceeding Rs. 49 crore (Rupees Forty-Nine Crore Only)

Original Board Meeting Date

October 29, 2026

Status

Board meeting postponed; revised date to be intimated separately

What happened

• The company had called a meeting of its Board of Directors on Thursday, October 29, 2026 to consider and approve matters connected with a proposed rights issue of equity shares.
• That meeting has been postponed.
• The company had applied to BSE Limited and National Stock Exchange of India Limited for in-principal approvals for the rights issue.
• The exchanges are presently examining the Draft Letter of Offer and have raised certain queries, which the company is in the process of responding to.
• As the requisite in-principal approvals are not expected on October 29, 2026, the Board meeting is being rescheduled.

Size of the proposed issue

• The rights issue is of equity shares for an amount not exceeding Rs. 49 crore (Rupees Forty-Nine Crore Only), subject to applicable laws and requisite statutory and regulatory approvals.

What the Board was to decide

• The issue price
• The rights entitlement ratio
• The record date
• The issue opening and closing dates
• Other related terms and conditions

What happens next

• The revised date of the Board meeting will be intimated to the stock exchanges separately, upon receipt of the requisite in-principal approvals.

How to read this

• This is a change of schedule, not a change in the terms of the rights issue: the meeting that was to approve the price, ratio, record date and issue dates will now be held later.
• The stated reason is procedural: the exchanges are still examining the Draft Letter of Offer and have queries pending.
• Investors tracking the rights issue would need the new Board meeting date, which the company has said it will intimate separately, to know when the terms will be decided.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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