Board to Meet on 29 September 2026 to Decide Rights Issue Terms of up to ₹5,000 lakhs
Board meeting set for Tuesday, 29 September 2026.
- Rights Issue Amount
- not exceeding ₹5,000 lakhs
- Share Face Value
- ₹10 each
- Share Type
- partly paid-up equity shares
- Board Meeting Date
- Tuesday, 29 September 2026
- Earlier Board Approval Date
- 23 September 2026
What was shared
The company gave prior intimation under Regulation 29 that its Board will meet on Tuesday, 29 September 2026.
Purpose of the meeting
The Board will consider, discuss and decide matters connected with the rights issue that it had already approved at its meeting on 23 September 2026.
Matters listed for decision include
- The specific terms of the rights issue
- The rights issue price and related payment mechanism
- The rights entitlement ratio
- The record date and the timing of the issue
Size and nature of the issue
- Instrument: partly paid-up equity shares of face value ₹10 each
- Amount: not exceeding ₹5,000 lakhs
- Offered to eligible equity shareholders as on a record date to be determined and notified later
What a rights issue means for a shareholder
In a rights issue, existing shareholders are offered new shares in proportion to their current holding, at a price fixed by the company. "Partly paid-up" means the subscriber pays part of the amount at application and the balance later, when the company calls for it. Shareholders who do not subscribe see their proportionate holding in the company reduced once the new shares are issued.
The entitlement ratio, price and record date are exactly what the 29 September meeting is expected to settle, so these key parameters are not yet fixed.
Conditions
The rights issue is proposed in accordance with the Companies Act, 2013 and the SEBI ICDR Regulations, and is subject to receipt of in-principle approval from BSE Limited.
Also from Healthy Life Agritec
Board Meeting on Rights Issue Terms Postponed Pending Exchange In-Principle Approval
29 Sep 2026
More numbers
- Maximum rights issue size₹5,000 lakhs
- Face value per rights equity share₹10 each
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