Receives in-principle approval from BSE for proposed rights issue of fully paid-up equity shares

Vellora Impact Ltd has received BSE Limited's in-principle approval for its proposed rights issue of fully paid-up equity shares, vide BSE letter dated October 07, 2026, for listing the proposed rights shares.

Thu 8 Oct 2026

BSE Approval Letter Date

October 07, 2026

BSE Letter Number

LOD/RIGHT/RB/FIP/905/2026-27

Intimation to Exchange Date

October 08, 2026

What the company informed the exchange

Vellora Impact Ltd has received in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares. The approval came through BSE's letter bearing No. LOD/RIGHT/RB/FIP/905/2026-27 dated October 07, 2026, and the company intimated the exchange of this on October 08, 2026.

What a rights issue is

In a rights issue, a company offers new shares to its existing shareholders, usually in proportion to the shares they already hold. This gives existing holders the option to buy more shares, generally at a price decided by the company.

What BSE's in-principle approval covers

• The company may use the name of BSE Limited in its Letter of Offer as the stock exchange on which its proposed rights securities are proposed to be listed.
• The exchange has granted its in-principle approval for listing of the fully paid-up equity shares proposed to be issued on a rights basis.
• This is subject to the company completing post-issue requirements and complying with the necessary statutory, legal and listing formalities.

What the approval does not mean

• BSE states it should not be understood or construed that the Letter of Offer has been cleared or approved by the exchange.
• The exchange does not warrant, certify or endorse the correctness or completeness of any of the contents of the Letter of Offer.
• It does not warrant that the company's securities will be listed or will continue to be listed on the exchange.
• It takes no responsibility for the financial or other soundness of the company, its promoters, its management or any scheme or project.
• Investors are advised to refer to the Letter of Offer for the full text of the exchange's disclaimer clause.

Steps the company has to complete

• Fix a record date for the rights issue and give the exchange at least three working days advance notice of it.
• Disclose and intimate the rights issue price of the equity shares at least 3 working days before the record date.
• Print the prescribed disclaimer clause in the Letter of Offer and in advertisements where the exchange's name is mentioned, and confirm completion of posting of the Letter of Offer and composite application form.
• Enter into agreements with all depositories for dematerialisation of securities, and give investors the option to receive allotment in dematerialised form through any of the depositories.
• Get the Basis of Allotment of the rights securities approved by the Designated Stock Exchange, even in the case of under-subscription.
• Comply with the applicable provisions of Section 186 and 188 of the Companies Act, 2013 (read with the rules made thereunder) and Regulation 23 of the SEBI LODR Regulations, 2015, before update the listing application.
• Procure a certificate from the Secretarial Auditor confirming ODI compliance on or before update the listing application.
• Have a qualified Company Secretary act as the compliance officer of the company.

The exchange also notes that the company is responsible for the disclosures made in, or omitted from, its offer documents, and for complying with all legal and statutory formalities before finalising them.

How to read this

This is a procedural step in the proposed rights issue. The company will separately intimate the record date and the rights issue price to the exchange. For a shareholder, the terms of participation — the price and the entitlement ratio — are the numbers that will determine the outcome, and these are set out by the company along with the Letter of Offer.

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