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Stock Report
Eureka Industries Limited approves 28:5 rights issue at Rs. 10 per share
Posted On : 2025-03-24 21:04:52( TIMEZONE : IST )
The Board of Directors of Eureka Industries Limited at its meeting held on Monday, March 24, 2025 at the registered office of the Company and the said meeting commenced at 4.00 p.m. and concluded at 5.00 p.m., has considered and approved the terms and conditions of the forthcoming rights issue.
The following terms and conditions of the Rights Issue:
Instrument: Fully paid-up equity shares of face value of Rs. 10/- each (“Rights Equity Shares").
Total number of Rights Equity Shares and Rights Issue size: The board of directors has already disclosed that the Company shall issue up-to 4,90,00,000 Rights Equity Shares of Rs. 10 each at such issue price, aggregating up-to Rs. 49,00,00,000/-. (Rupees Forty Nine Crores)
Issue Price: Rs. 10/- per Equity Share
Record Date : Friday March 28, 2025
Issue period:
a) Issue Opening Date: Wednesday, April 9, 2025
b) Issue Closing Date: Wednesday, April 30, 2025
On-market renunciation period: Wednesday, April 9, 2025 to Tuesday, April 22, 2025.
Off-market renunciation: It is noted that the eligible equity shareholders will have to ensure that renunciation through off-market transfers are completed in such a manner that the rights entitlements are credited to the demat account of the renouncees on or prior to the Issue closing date.
Rights entitlement ratio and fractional entitlements: 28 (Twenty Eight) Rights Equity Shares for every 05 (Five) fully paid-up equity shares held by the eligible shareholders of the Company as on the Record Date. The fractional entitlements will be dealt with as mentioned in the Letter of Offer.
Shares of EUREKA INDUSTRIES LTD. was last trading in BSE at Rs. 16.27 as compared to the previous close of Rs. 15.51. The total number of shares traded during the day was 212065 in over 305 trades.
The stock hit an intraday high of Rs. 16.28 and intraday low of 15.60. The net turnover during the day was Rs. 3450563.00.
