Business Update13 Nov 2024, 01:49 am
Pritika Auto Industries Ltd. Announces Rs. 4990 Crores Rights Issue and Corrects Financial Results
AI Summary
Pritika Auto Industries Ltd. has announced a rights issue of fully paid-up equity shares worth Rs. 4990 crores to its existing shareholders. The company also submitted corrected financial results for the quarter and half-year ended 30th September 2024, correcting errors in the Paid-up Equity Share Capital and Other Equity figures. The error does not impact the Profit/Results of the Company. The Rights Issue Committee will decide on the terms and conditions of the issue.
Key Highlights
- Pritika Auto Industries Ltd. announces a rights issue of Rs. 4990 crores
- The rights issue is open to existing shareholders
- The company has corrected financial results for the quarter and half-year ended 30th September 2024
- The correction includes adjustments to Paid-up Equity Share Capital and Other Equity figures
- The error in the financial results does not impact the Profit/Results of the Company