Description
Avasara Finance Limited has fixed January 1, 2026 as the record date for rights issue of 2 equity shares at par for every 1 equity share held.
Summary
Avasara Finance Limited (Scrip Code: 511730) has announced a rights issue with a record date of January 1, 2026. The company will issue 2 equity shares of Re.10/- each at par for every 1 equity share held. The shares will trade on an ex-rights basis from January 1, 2026 (Settlement DR-789/2025-2026).
Key Points
- Rights issue ratio: 2 new equity shares for every 1 existing equity share
- Face value: Re.10/- per share
- Issue price: Rs.10/- per share (at par)
- Payment: Full issue price payable at the time of application
- Scrip Code: 511730
- Segment: Dematerialised Securities - Rolling Settlement
Regulatory Changes
No regulatory changes. This is a standard corporate action notice.
Compliance Requirements
- Trading members must execute transactions on an ex-rights basis from January 1, 2026
- Shareholders as on record date (January 1, 2026) will be eligible for the rights issue
- Full payment of Rs.10/- per share required at application time
Important Dates
- Record Date: January 1, 2026
- Ex-Rights Date: January 1, 2026
- Settlement Number: DR-789/2025-2026
- Notice Date: December 29, 2025
Impact Assessment
This rights issue will result in significant dilution for non-participating shareholders as the 2:1 ratio triples the total share count. The at-par pricing provides no discount but maintains simplicity. Impact is moderate and confined to existing shareholders of Avasara Finance Limited who must decide whether to subscribe to maintain their proportional ownership.
Impact Justification
Rights issue offering 2:1 ratio affects existing shareholders with record date on January 1, 2026. Moderate impact limited to company's shareholders.