Description

Ashnisha Industries Limited extends its Rights Issue closing date from November 3, 2025 to November 11, 2025, and extends the Rights Entitlement trading period to November 4, 2025.

Summary

Ashnisha Industries Limited (Symbol: ASHNI, Scrip Code: 541702) has extended the closing date of its Rights Issue from Monday, November 3, 2025 to Tuesday, November 11, 2025. The Rights Issue Committee approved this extension on October 24, 2025 to provide eligible 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 opened on October 14, 2025
  • Original closing date was November 3, 2025, now extended to November 11, 2025
  • Extension approved by Rights Issue Committee on October 24, 2025
  • Rights Entitlement trading period extended from October 28, 2025 to November 4, 2025
  • Last date for submission of duly filled CAF with payment is now November 11, 2025
  • No changes to the Letter of Offer (LOF) and Composite Application Form (CAF) dated October 3, 2025, except for the closing date and post-issue timetable
  • ISIN: INE694W01024, RE ISIN: INE694W20016

Regulatory Changes

No regulatory changes. This is a procedural extension of an existing Rights Issue timeline.

Compliance Requirements

  • Eligible shareholders of Ashnisha Industries Limited should note the revised issue closing date of November 11, 2025
  • Shareholders wishing to participate must submit their duly filled Composite Application Forms (CAF) along with payment by November 11, 2025
  • Shareholders wishing to trade Rights Entitlements on-market must do so by November 4, 2025

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 (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

Committee Meeting: Rights Issue Committee meeting held on October 24, 2025 from 12:00 PM to 12:30 PM

Impact Assessment

Market Impact: Low to Medium. The extension affects only shareholders of Ashnisha Industries Limited who are eligible to participate in the Rights Issue.

Operational Impact: The 8-day extension provides shareholders with additional time to arrange funds and make informed decisions about participating in the Rights Issue. The extended renunciation period (to November 4, 2025) allows more time for Rights Entitlement trading in the secondary market.

Investor Impact: Positive for existing shareholders as it provides more time to evaluate and exercise their rights. The extension may indicate lower-than-expected initial subscription levels, though the company cites providing shareholders with additional opportunity as the reason.

Timeline Impact: All subsequent dates in the Rights Issue process (basis of allotment, allotment date, credit date, and listing date) remain aligned with the new closing date, maintaining the overall post-issue timeline structure.

Impact Justification

Moderate impact limited to Ashnisha Industries shareholders. Extension provides additional time for rights subscription but affects only one company's Rights Issue timeline.