Arunis Abode Limited Approves Rs. 604.8 Crore Rights Issue
By ScanX News Team
Arunis Abode Limited, a Surat-based company, has approved a rights issue to raise up to Rs. 604.80 crore through fully paid-up equity shares with a face value of Rs. 10 each. The Board of Directors made this decision on July 25, 2025. A Rights Issue Committee has been formed to manage the process, including determining the issue price, rights entitlement ratio, and record date. The issue is open to eligible shareholders and is subject to regulatory approvals.
*this image is generated using AI for illustrative purposes only.
Arunis Abode Limited , a Surat-based company, has announced a significant move to raise capital through a rights issue. The Board of Directors, in a meeting held on July 25, 2025, approved the issuance of fully paid-up equity shares with a face value of Rs. 10 each, for an amount not exceeding Rs. 604.80 crore (Rs. 6,048.00 lakhs).
Rights Issue Details
The rights issue will be offered to eligible shareholders of the company, with the record date yet to be determined. This strategic decision aims to strengthen the company's financial position and support its growth initiatives.
Key Points of the Announcement
- Issue Size: The total amount to be raised through the rights issue is capped at Rs. 604.80 crore.
- Share Type: Fully paid-up equity shares with a face value of Rs. 10 each.
- Eligibility: Open to existing shareholders as of a record date to be announced later.
- Regulatory Compliance: The issue will be conducted in accordance with applicable laws, including the Companies Act, 2013, and SEBI regulations.
Rights Issue Committee
To facilitate the smooth execution of the rights issue, the Board has constituted a dedicated Rights Issue Committee. This committee will be responsible for:
- Determining the issue price
- Setting the rights entitlement ratio
- Finalizing the record date
- Deciding on the timing of the rights issue
- Establishing payment terms
Regulatory Disclosure
The company has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement follows a prior intimation made on July 22, 2025.
Board Meeting Details
| Item | Details |
|---|---|
| Date | July 25, 2025 |
| Time | 6:30 p.m. to 7:20 p.m. (IST) |
The rights issue is subject to necessary regulatory and statutory approvals. Arunis Abode Limited will provide further details on the specific terms of the rights issue in due course.
Investors and stakeholders are advised to keep an eye out for future announcements regarding the record date and other crucial details of this rights issue.
Historical Stock Returns for Arunis Abode
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.00% | +10.38% | +54.39% | +235.55% | +1,090.75% | +2,314.25% |
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