Description
UTKARSH SMALL FINANCE BANK LIMITED announces rights issue offering 8 equity shares for every 13 shares held at Rs. 14 per share, with record date October 14, 2025.
Summary
UTKARSH SMALL FINANCE BANK LIMITED (Scrip Code: 543942) has fixed the record date for its rights issue of equity shares. The company is offering 8 equity shares of Rs. 10/- each at a premium of Rs. 4/- per share (total Rs. 14/- per share) for every 13 equity shares held. Trading will commence on ex-rights basis from October 14, 2025.
Key Points
- Company: UTKARSH SMALL FINANCE BANK LIMITED
- Scrip Code: 543942
- Rights Ratio: 8 equity shares for every 13 equity shares held
- Face Value: Rs. 10/- per share
- Premium: Rs. 4/- per share
- Issue Price: Rs. 14/- per share (payable on application)
- Payment: Entire issue price payable on application
- Segment: Dematerialised Securities – Rolling Settlement
Regulatory Changes
No regulatory framework changes. This is a standard corporate action notification for a rights issue.
Compliance Requirements
- Trading members must execute all transactions in UTKARSH SMALL FINANCE BANK LIMITED shares on ex-rights basis from the specified date
- All trades from October 14, 2025 onwards must be marked as ex-rights
- Trading members are required to take note of this corporate action and adjust their systems accordingly
Important Dates
- Record Date: October 14, 2025
- Ex-Rights Date: October 14, 2025
- Settlement Number: DR-735/2025-2026
- Circular Notice Date: October 9, 2025
Impact Assessment
Market Impact: Medium - The rights issue will result in dilution of existing shareholding. Existing shareholders holding 13 shares will be entitled to subscribe to 8 additional shares, representing approximately 61.5% increase in their holdings if fully subscribed.
Shareholder Impact: Existing shareholders as of record date (October 14, 2025) will have the right to subscribe to additional shares at Rs. 14 per share. Non-participation will result in dilution of their percentage ownership.
Trading Impact: All trades from October 14, 2025 will be on ex-rights basis, meaning new buyers will not be entitled to participate in the rights issue. This typically results in price adjustment reflecting the value of the rights entitlement.
Operational Impact: Trading members must ensure their systems are updated to handle ex-rights trading from the specified date to prevent settlement issues.
Impact Justification
Rights issue affects existing shareholders of UTKARSH SMALL FINANCE BANK with entitlement ratio and specific record date. Medium impact as it dilutes existing holdings but provides opportunity for existing shareholders to subscribe.