D&H India Limited , a company listed on the Bombay Stock Exchange (BSE), has announced a significant move to bolster its financial position. The company's Board of Directors has approved a rights issue of equity shares, aiming to raise funds not exceeding ₹24.56 crore.

Key Details of the Rights Issue

Important Considerations

• The rights issue is subject to statutory and regulatory approvals, including compliance with SEBI regulations.
• Specific terms of the issue, such as the issue price, rights entitlement ratio, record date, and payment terms, will be determined and announced at a later date.
• The record date for determining eligible shareholders has not yet been set and will be notified subsequently.

Regulatory Compliance

The company has made this announcement in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with the SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Potential Impact

This rights issue represents a strategic move by D&H India Limited to strengthen its capital base. While the specific use of funds has not been disclosed, such initiatives often aim to support growth plans, debt reduction, or working capital requirements.

Existing shareholders should stay alert for further announcements regarding the record date and other crucial details of the rights issue. As always, investors are advised to carefully consider the terms of the offer and consult with financial advisors before making investment decisions.

The market's response to this announcement and its potential impact on the company's stock price will be closely watched by investors and analysts in the coming days.

D&H India , a prominent industrial player, has received a significant boost from the Government of Madhya Pradesh. The company has secured approval for an Investment Promotion Subsidy of ₹4.7 crores under the state's Industrial Promotion Policy, 2021. This development marks a notable milestone for D&H India and underscores the government's commitment to fostering industrial growth in the region.

Subsidy Details

The Investment Promotion Subsidy approval comes with the following key features:

Implications and Outlook

The approval of this subsidy is expected to have several positive implications for D&H India:

1. Financial Support: The ₹4.70 crore subsidy, spread over seven years, will provide a steady stream of financial support to the company.

2. Investment Encouragement: This approval aligns with the Madhya Pradesh Industrial Promotion Policy, 2021, which aims to encourage industrial investment in the state.

3. Employment Generation: The subsidy's link to employment parameters suggests that D&H India may be incentivized to create more job opportunities.

4. Long-term Commitment: The seven-year disbursement period indicates a long-term commitment from both the government and the company towards industrial development in Madhya Pradesh.

Regulatory Compliance

In adherence to regulatory requirements, D&H India has duly informed the BSE Limited about this development. The company's intimation was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This Investment Promotion Subsidy approval represents a positive development for D&H India, potentially strengthening its financial position and contributing to the industrial growth of Madhya Pradesh.