Scoobee Day Garments (India) Limited has announced a significant rights issue and set the date for its Annual General Meeting (AGM). The company's Board of Directors approved these decisions during a meeting held on August 26, 2025.

Rights Issue Details

The Board has given the green light for a rights issue of up to 45,00,000 fully paid-up equity shares, with a face value of ₹10 each. The issue price is set at ₹90 per share, which includes a premium of ₹80. This rights issue aims to raise up to ₹4,050.00 lakhs.

Key points of the rights issue include:

The Federal Bank Limited will serve as the banker to the issue. Upon full subscription, the company's outstanding equity shares will increase from 1,35,00,000 to 1,80,00,000.

Annual General Meeting

The Board has scheduled the 31st Annual General Meeting (AGM) for September 29, 2025, at 12:00 p.m. The meeting will be conducted through Video Conference (VC) and Other Audio-Visual Means (OAVM), in line with applicable regulations.

Other AGM-related decisions include:

• Book Closure: The Register of Members and Share Transfer Books will remain closed from September 22, 2025, to September 29, 2025 (both days inclusive)
• Cut-off Date: September 22, 2025, for determining eligible members entitled to vote on AGM resolutions
• E-voting Scrutinizer: Mr. Nikhil George Pinto, Practicing Company Secretary, has been appointed as the scrutinizer for e-voting and voting at the AGM

Additional Board Decisions

The Board also approved a revision in the remuneration payable to the Managing Director, subject to shareholder approval at the upcoming AGM.

Scoobee Day Garments (India) Limited's shares are listed on the BSE with the scrip code 531234. The company has made the detailed information about these corporate actions available on its website at www.scoobeedaygarments.com .

Investors and shareholders are advised to refer to the official communications and the Letter of Offer for complete details about the rights issue and other corporate updates.

Scoobee Day Garments (India) Limited, a prominent player in the Indian garment industry, has taken a significant step towards strengthening its financial position. The company recently received in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares.

Approval Details

The approval, granted on August 14, 2025, under reference number LOD/RIGHT/KS/FIP/723/2025-26, marks a crucial milestone for Scoobee Day Garments. This development allows the company to proceed with its planned rights issue, offering existing shareholders the opportunity to acquire additional shares.

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) listing regulations, Scoobee Day Garments promptly disclosed this information to ensure transparency with its stakeholders. The company's commitment to regulatory compliance is evident in its timely communication of this significant update.

Company's Response

Alphonsa Jose, Company Secretary and Compliance Officer of Scoobee Day Garments (India) Limited, officially communicated the approval to the BSE on August 18, 2025. In the disclosure, the company provided details of the in-principle approval under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications for Shareholders

The rights issue, once implemented, will provide existing shareholders with the opportunity to increase their stake in the company. This move could potentially lead to an influx of capital for Scoobee Day Garments, which may be used for various corporate purposes such as expansion, debt reduction, or working capital requirements.

Next Steps

While the in-principle approval is a crucial step, shareholders and potential investors should note that the company will need to follow through with the necessary procedures to execute the rights issue. The terms, pricing, and timeline of the rights issue are yet to be announced by the company.

Investors and stakeholders are advised to keep an eye on further announcements from Scoobee Day Garments (India) Limited regarding the details and execution of the rights issue.