Akshar Spintex Limited fixes Aug 23, 2024 as record date for rights issue

The Board of Directors of Akshar Spintex Limited at its meeting held on Saturday, August 17, 2024 at the registered office of the Company at Revenue Survey No.102/2 Paiki, Plot No. - 2 Village: Haripar, Ranuja Road, Tal: Kalavad, Jamnagar - 361 013, Gujarat, India, which commenced at 4.00 P.M.and concluded at 4.45 P.M. has approved the terms and conditions of rights issue:

Rights Issue Size: Total Rights issue size is Rs. 4874.81 Lakhs.

Total No. of Equity Shares: 48,74,80,500 (Forty-Eight Crores Seventy-Four Lakhs Eighty Thousand Five Hundred) Fully paid-up Equity Shares aggregating to Rs. 48,74,80,500/- (Rupees Forty-Eight Crores Seventy-Four Lakhs Eighty Thousand Five Hundred only).

Right Issue Price: Re.1/- (Rupee One Only) per equity share at par having Face Value of Re.1/- (Rupee one) per Equity Share.

Rights Entitlement Ratio: 13 (Thirteen) Rights Equity Shares for every 8 (Eight) Equity share held by the eligible shareholders as on the Record date.

Record Date: Friday, August 23, 2024 for the purpose of determining the shareholders who shall be eligible to receive the Rights Entitlement in the Issue.

Issue Opening Date: Monday, September 9, 2024

Last date for Market Renunciation: Tuesday, September 24, 2024

Issue Closing Date: Monday, September 30, 2024

Source : Equity Bulls

Keywords

AksharSpintex FundRaising RightsIssue RecordDate 13for8