Description

Deep Diamond India Ltd announces rights issue of 2 equity shares for every 1 share held at Rs. 4.16 per share with record date August 29, 2025.

Summary

Deep Diamond India Ltd (BSE Code: 539559) has announced a rights issue offering 2 equity shares of Re. 1/- each for every 1 existing equity share held. The shares are priced at Rs. 4.16 per share (Re. 1/- face value + Rs. 3.16 premium) with full payment required on application.

Key Points

  • Rights ratio: 2:1 (2 new shares for every 1 existing share)
  • Issue price: Rs. 4.16 per equity share (Re. 1/- face value + Rs. 3.16 premium)
  • Full payment of Rs. 4.16 required on application
  • Record date: August 29, 2025
  • Ex-rights trading begins: August 29, 2025
  • Settlement number: DR-704/2025-2026

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must execute transactions on ex-rights basis from August 29, 2025
  • All equity share transactions must reflect the rights adjustment from the specified date
  • Trading members are required to take note of the ex-rights trading requirements

Important Dates

  • Record Date: August 29, 2025
  • Ex-Rights Trading Start Date: August 29, 2025
  • Settlement: DR-704/2025-2026

Impact Assessment

This rights issue will dilute existing shareholding but provides existing shareholders the opportunity to maintain their proportional ownership by subscribing to additional shares. The 2:1 rights ratio significantly increases the company’s share capital. Trading will be affected as shares will trade ex-rights from August 29, 2025, potentially impacting the stock price to reflect the rights value adjustment.

Impact Justification

Rights issue affects existing shareholders and trading dynamics for the specific stock