Annvrridhhi Ventures receives ₹4.47 Cr for First Call on partly paid shares

Annvrridhhi Ventures Ltd has received ₹4,47,19,636.50 towards the First Call on 1,27,77,039 partly paid-up equity shares. These shares, originally allotted on a Rights Basis, had a face value of ₹10.00 each with ₹2.50 paid-up. Following the receipt of ₹3.50 per share, the Rights Issue Committee has approved the conversion of these 1,27,77,039 shares into partly paid-up equity shares with a face value of ₹10.00 each and ₹6.00 paid-up. The company is now completing the necessary formalities for corporate actions and obtaining listing and trading approvals for the converted shares.