Description

Rights Issue closing date extended to November 11, 2025, and Rights Entitlement trading period extended to November 4, 2025, to provide shareholders additional time.

Summary

Ashnisha Industries Limited has extended the closing date of its Rights Issue from November 3, 2025 to November 11, 2025. The Rights Issue Committee approved this extension on October 24, 2025, to provide shareholders with additional time to exercise their rights. Additionally, the trading period for Rights Entitlement (RE) has been extended from October 28, 2025 to November 4, 2025.

Key Points

  • Rights Issue originally opened on October 14, 2025
  • Issue closing date extended by 8 days from November 3 to November 11, 2025
  • Rights Entitlement trading period extended to November 4, 2025
  • Last date for submission of duly filled CAF is now November 11, 2025
  • No changes to Letter of Offer (LOF) and CAF dated October 3, 2025, except timeline modifications
  • Rights Issue Committee meeting held on October 24, 2025 (12:00 PM - 12:30 PM)

Regulatory Changes

No regulatory changes. This is a procedural extension approved by the Rights Issue Committee to provide shareholders additional opportunity to participate.

Compliance Requirements

  • Eligible shareholders must submit duly filled CAF along with applicable payment by the revised closing date of November 11, 2025
  • Shareholders wishing to renounce rights on-market must complete transactions by November 4, 2025

Important Dates

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

Impact Assessment

Impact on Shareholders: Existing shareholders of Ashnisha Industries Limited (Symbol: ASHNI, Script Code: 541702, ISIN: INE694W01024) receive additional time to evaluate and exercise their rights under the Rights Issue. The extension provides more flexibility for decision-making and fund arrangement.

Market Impact: Limited broader market impact. The extension is a procedural matter affecting only the company’s shareholders. The Rights Entitlement trading period extension to November 4, 2025 allows for continued on-market renunciation activity.

Operational Impact: Post-issue activities including basis of allotment, allotment, credit, and listing dates have been adjusted accordingly, with listing now expected around November 14, 2025.

Impact Justification

Extension of rights issue timeline affects existing shareholders' ability to participate. Material for shareholders but limited broader market impact.