Rights Issue30 Jul 2026, 04:08 pm
Vellora Impact Approves ₹70 Cr Rights Issue, Boosts Authorized Capital
AI Summary
Vellora Impact Limited (formerly Pratiksha Chemicals Ltd) announced its Board of Directors has approved a Rights Issue of equity shares to raise up to ₹70 Crores. The Board also approved an increase in the authorized share capital from ₹7.5 Crores to ₹77.5 Crores. Additionally, the company is seeking shareholder approval to rescind a previous resolution on increasing authorized share capital and will conduct a postal ballot via e-voting for this and the new capital increase. The Board also approved the reclassification of certain shareholders from Promoter to Public category, subject to stock exchange approval, and noted the passing of two promoters and the striking off of a promoter company.
Key Highlights
- Board approved Rights Issue to raise up to ₹70 Crores.
- Authorized share capital increased from ₹7.5 Cr to ₹77.5 Cr.
- Shareholder approval sought for capital increase via postal ballot.
- Promoter to Public reclassification approved for certain shareholders.
- Rights Issue Committee constituted for managing the process.
Price Impact
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