Vipul Organics announces its Rights Issue Record Date as 10th of March 2025

Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, announced the record date as 10t March 2025 for the rights issue. Shares will be allotted in the ratio of 1:3 (1 equity share will be allotted for every 3 fully paid up shares).

The Rights Issue Committee, in its meeting held on March 04, 2025 also approved the schedule for the Rights Issue. The Issue will open on Friday, 215t March, 2025 and close on Wednesday, 02nd April, 2025.

In addition, Vipul Organics has reduced the rights issue price of Rs. 46 per share as against the Rs. 54 announced earlier, keeping in mind the current market scenario. The Issue Size to be Rs. 2041.15 Lakhs.

"We are excited about our journey ahead and see a bright future for our company. Construction of our new plant at Sayakha in Gujarat is progressing as per schedule and, barring unforeseen circumstances, we should be beginning our trial runs in the third quarter of the fiscal 2025-26. We have always believed that our shareholders are our partners and our biggest strength. Keeping this in mind, seeing the market conditions, and in order to reward our stakeholders we have decided to revise the price of our Rights issue from Rs.54 to Rs.46 per share including the share premium', says Mr. Vipul P Shah, MD, Vipul Organics Limited.

Shares of Vipul Organics Ltd was last trading in BSE at Rs. 187.85 as compared to the previous close of Rs. 191.80. The total number of shares traded during the day was 30981 in over 475 trades.

The stock hit an intraday high of Rs. 204.50 and intraday low of 170.00. The net turnover during the day was Rs. 5899191.00.

Source : Equity Bulls

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VipulOrganics INE834D01018 FundRaising RightsIssue RecordDate