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