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 the closing date of its Rights Issue from November 3, 2025 to November 11, 2025. The extension was approved by the Rights Issue Committee on October 24, 2025, to provide shareholders with additional time to exercise their rights. Additionally, the trading period for Rights Entitlements 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 to November 11, 2025
  • Rights Entitlement trading period extended by 7 days to November 4, 2025
  • Extension approved by Rights Issue Committee meeting held on October 24, 2025 (12:00 PM to 12:30 PM)
  • No changes to Letter of Offer (LOF) and Common Application Form (CAF) dated October 3, 2025, except for timeline modifications
  • ISIN: INE694W01024 (Equity), RE ISIN: INE694W20016 (Rights Entitlement)

Regulatory Changes

No regulatory changes. This is a procedural extension of the rights issue timeline approved by the company’s Rights Issue Committee.

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 their Rights Entitlements on-market must do so by November 4, 2025
  • All shareholders entitled to participate in the Rights Issue should note the revised timeline

Important Dates

Revised Issue Schedule:

  • 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: 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

Market Impact: Low to Medium. The extension provides additional opportunity for shareholders to participate in the rights issue, potentially improving subscription levels. The 8-day extension may positively impact overall participation rates.

Shareholder Impact: Medium. Existing shareholders have more time to arrange funds and make informed decisions about exercising their rights or renouncing them on the market. Extended renunciation trading period until November 4, 2025 provides greater flexibility for those wishing to sell their entitlements.

Operational Impact: Low. The extension is procedural and affects only the timeline. All other terms and conditions of the Rights Issue remain unchanged as per the original LOF and CAF dated October 3, 2025.

Impact Justification

Extension provides additional time for shareholders to participate in rights issue; affects existing shareholders and timeline for capital raising but does not fundamentally change the offering terms