Rights Issue1 Oct 2026, 12:22 pm
Fratelli Vineyards Approves Rights Issue Up To ₹30 Crore, CFO Change
AI Summary
Fratelli Vineyards Limited's Board of Directors has approved a Rights Issue to raise up to ₹30,00,00,000 (Rupees Thirty Crore) through the issuance of partly-paid up equity shares to eligible shareholders. The Board also noted the resignation of Mr. Rajesh Kumar Garg as CFO and KMP, effective September 30, 2026. Concurrently, Mr. Hemant Arora has been appointed as the new CFO and KMP, effective October 01, 2026. The 'Rights Issue Committee' has been authorized to finalize the terms and conditions of the issue.
Key Highlights
- Board approves rights issue to raise up to ₹30 Crore.
- Partly-paid up equity shares to be issued to eligible shareholders.
- CFO Mr. Rajesh Kumar Garg resigns; Mr. Hemant Arora appointed.
- New CFO appointment effective October 01, 2026.
- Rights Issue Committee to decide issue specifics.
Price Impact
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