Rights Issue26 Jun 2026, 06:30 pm
Swati Projects Completes Rights Issue Allotment for Subsidiary
AI Summary
Swati Projects Ltd has announced the completion of its rights issue allotment for its wholly-owned subsidiary, Radhashree Roadsters Private Limited. The allotment, originally scheduled for June 25, 2026, was delayed due to administrative and procedural reasons and was successfully completed on June 26, 2026. This involved the allotment of 10,00,000 equity shares of Rs 10/- each, aggregating to Rs 1,00,00,000/-. The company stated this disclosure is for transparency and good corporate governance.
Key Highlights
- Rights issue allotment for subsidiary Radhashree Roadsters completed.
- 10,00,000 equity shares allotted at Rs 10 each, totaling ₹1 Crore.
- Allotment delayed by one day due to administrative reasons.
- Disclosure emphasizes transparency and corporate governance.
Price Impact
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