Description

Rights Issue closing date extended from November 3, 2025 to November 11, 2025, and Rights Entitlement trading period extended to November 4, 2025.

Summary

Ashnisha Industries Limited (BSE Symbol: ASHNI, Script Code: 541702) has extended its Rights Issue closing date from November 3, 2025 to November 11, 2025, as approved by the Rights Issue Committee on October 24, 2025. The extension provides shareholders with additional time to exercise their rights. Additionally, the on-market renunciation period for Rights Entitlements has been extended from October 28, 2025 to November 4, 2025.

Key Points

  • Rights Issue opened on October 14, 2025
  • Original closing date was November 3, 2025, now extended to November 11, 2025
  • Rights Entitlement (RE) trading period extended from October 28, 2025 to November 4, 2025
  • Extension approved by Rights Issue Committee meeting held on October 24, 2025 (12:00 PM - 12:30 PM)
  • No changes to Letter of Offer (LOF) and Common Application Form (CAF) dated October 3, 2025, except timeline modifications
  • ISIN for equity shares: INE694W01024
  • ISIN for Rights Entitlements: INE694W20016

Regulatory Changes

No regulatory changes. This is a procedural extension of the Rights Issue timeline to provide shareholders additional time to participate.

Compliance Requirements

  • Eligible shareholders must submit duly filled Common Application Form (CAF) along with payment by the revised closing date of November 11, 2025
  • Shareholders wishing to renounce their Rights Entitlements on-market must do so by November 4, 2025
  • The company must update shareholders regarding the revised timeline

Important Dates

  • Last date for credit of Rights Entitlements: October 7, 2025
  • Issue Opening Date: October 14, 2025
  • Last Date for On-Market Renunciation of Rights Entitlements: November 4, 2025 (extended from October 28, 2025)
  • Issue Closing Date: November 11, 2025 (extended from November 3, 2025)
  • Finalization of Basis of Allotment (On or About): November 12, 2025
  • Date of Allotment (On or About): November 13, 2025
  • Date of Credit (On or About): November 13, 2025
  • Date of Listing/Trading (On or About): November 14, 2025

Impact Assessment

Impact on Shareholders: Positive - The extension provides eligible shareholders with additional time (8 extra days) to evaluate and exercise their rights under the Rights Issue. The extended renunciation period (7 extra days) also allows more time for shareholders who wish to sell their Rights Entitlements in the market.

Market Impact: Low - This is a procedural timeline extension that does not alter the fundamental terms or pricing of the Rights Issue. The subsequent allotment and listing dates have been adjusted proportionately, maintaining the overall process integrity.

Impact Justification

Timeline extension for rights issue affects shareholder participation window but does not change fundamental terms of the offering