Emerald Leisures Files Draft Letter of Offer for Rights Issue

Emerald Leisures Ltd has approved and attached a Draft Letter of Offer for a proposed Rights Issue of equity shares. The issue is being made on a rights basis to existing shareholders in accordance with applicable laws and SEBI ICDR Regulations. The company, formerly known as Phaltan Sugar Works Limited and Apte Amalgamations Limited, has a registered office in Mumbai. The Rights Issue aims to raise up to ₹13,000.00 Lakhs. The specific number of shares, issue price, and ratio for the rights issue are yet to be finalized and will be detailed in the offer document. The company and its promoters are not categorized as wilful defaulters or fraudulent borrowers.