Description
Lloyds Enterprises Limited extends its rights issue closing date from September 08, 2025 to September 09, 2025 due to Id-E-Milad holiday.
Summary
Lloyds Enterprises Limited has extended the closing date of its ongoing rights issue of equity shares from September 08, 2025 to September 09, 2025. The extension is due to the Id-E-Milad holiday falling on September 08, 2025, which was originally scheduled for September 05, 2025.
Key Points
- Rights issue period originally scheduled from August 25, 2025 to September 08, 2025
- Extension granted due to Id-E-Milad holiday rescheduling
- New closing date: September 09, 2025
- Extension requested by NSE via email dated September 04, 2025
- Decision made in the interest of public shareholders
Regulatory Changes
No regulatory changes introduced. This is a procedural extension due to holiday rescheduling.
Compliance Requirements
- Company to update records and disseminate information on exchange websites
- Public notification of the extended timeline for rights issue subscription
Important Dates
- Original Rights Issue Period: August 25, 2025 to September 08, 2025
- Extended Closing Date: September 09, 2025
- Holiday Date: September 08, 2025 (Id-E-Milad)
- Notification Date: September 04, 2025
Impact Assessment
The one-day extension provides additional time for shareholders to exercise their rights. Minimal market impact as it’s purely administrative. Positive for shareholders who may have missed the original deadline due to the holiday.
Impact Justification
Rights issue extension affects shareholders' ability to subscribe, moderate impact on existing shareholders