Description
Lloyds Enterprises Limited extends its rights issue closing date from September 8 to September 9, 2025 due to Id-E-Milad holiday.
Summary
Lloyds Enterprises Limited has extended the closing date of its ongoing rights issue from September 8, 2025 to September 9, 2025. The extension is due to the Id-E-Milad holiday falling on September 8, 2025, which was previously scheduled for September 5, 2025.
Key Points
- Rights issue period originally scheduled from August 25, 2025 to September 8, 2025
- Extension granted due to Id-E-Milad holiday on September 8, 2025
- New closing date: September 9, 2025
- Extension made in the interest of public shareholders
- NSE had requested the revision of closing date
Regulatory Changes
No regulatory changes - this is a procedural extension due to holiday schedule adjustment.
Compliance Requirements
- Stock exchanges to update their records
- Information to be disseminated on exchange websites for public benefit
- Rights issue window remains open for additional day
Important Dates
- Original Rights Issue Period: August 25, 2025 to September 8, 2025
- Extended Closing Date: September 9, 2025
- Holiday: Id-E-Milad on September 8, 2025
Impact Assessment
Minimal market impact as this is a procedural extension to accommodate a religious holiday. Provides additional time for shareholders to participate in the rights issue, potentially improving subscription rates. The one-day extension ensures fair access for all investors despite the holiday disruption.
Impact Justification
Extension of rights issue deadline affects shareholder participation timeline but is procedural adjustment for holiday