Kati Patang Lifestyle Limited , formerly known as VirtualSoft Systems Limited, has announced an extension to the closing date of its ongoing rights issue. The company's Rights Issue Committee has decided to push the deadline from July 25, 2025, to August 1, 2025, providing shareholders with additional time to exercise their rights.

Key Details of the Rights Issue Extension

• Original Opening Date: July 17, 2025
• New Closing Date: August 1, 2025 (extended from July 25, 2025)
• Last Date for Off-Market Renunciation: July 31, 2025
• Basis of Allotment: August 4, 2025
• Credit of Rights Equity Shares: August 5, 2025
• Listing of Rights Equity Shares: August 5, 2025
• Commencement of Trading: August 6, 2025

Rationale and Impact

The extension aims to provide an opportunity for shareholders to participate in the rights issue, allowing them more time to make informed decisions. Sanjeev Kumar Jha, Company Secretary & Compliance Officer of Kati Patang Lifestyle Limited, confirmed that no other changes have been made to the Letter of Offer or Common Application Form, except for the closing date extension and the resultant changes to the post-issue activity timeline.

Important Dates for Shareholders

Shareholders should take note of the following key dates:

• Last Date for On-Market Renunciation: July 22, 2025
• Last Date for Off-Market Renunciation: July 31, 2025
• Submission Deadline: Duly filled Common Application Forms (CAF) along with the payable amount must be submitted by August 1, 2025

Company Information

Kati Patang Lifestyle Limited has its registered office at S-101, Panchsheel Park, New Delhi. The company's CIN is L72200DL1992PLC047931.

Investors and shareholders are advised to refer to the updated Letter of Offer for complete details regarding the rights issue and to make their investment decisions accordingly.

Kati Patang Lifestyle , a prominent player in the lifestyle sector, has made a significant move to bolster its financial position. The company's Board of Directors has given the green light to a rights issue, aiming to raise up to ₹210.00 crore (₹2.10 billion).

Rights Issue Details

The approval of this substantial rights issue marks a pivotal moment for Kati Patang Lifestyle. A rights issue is a strategic financial tool that allows existing shareholders to purchase additional shares at a potentially discounted price, proportionate to their current holdings. This move is often employed by companies to raise capital for various purposes, such as expansion, debt reduction, or strengthening the balance sheet.

Potential Implications

While the specific terms and conditions of the rights issue have not been disclosed in the initial announcement, this development could have several implications for the company and its shareholders:

1. Capital Infusion: The rights issue, if fully subscribed, will inject a significant amount of fresh capital into Kati Patang Lifestyle, potentially strengthening its financial position.

2. Shareholder Opportunity: Existing shareholders will have the opportunity to increase their stake in the company, potentially at an attractive price point.

3. Future Growth: The raised funds could be utilized for various strategic initiatives, possibly including expansion plans, technological upgrades, or market penetration efforts.

4. Market Perception: The successful execution of a rights issue of this magnitude may be viewed positively by the market, potentially reflecting confidence in the company's future prospects.

As more details emerge regarding the specifics of the rights issue, including the price per share, the record date, and the intended use of proceeds, investors and market analysts will be better positioned to assess the full impact of this corporate action on Kati Patang Lifestyle's future trajectory.

Shareholders and potential investors are advised to keep a close watch on further announcements from the company regarding the terms and timeline of the rights issue.