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.

Scoobee Day Garments (India) Limited, a prominent player in the garment industry, has announced key decisions made during its recent board meeting held on August 12, 2025. The company's Board of Directors convened to discuss and approve several important matters, including financial results and board appointments.

Quarterly Financial Results

The board has approved the un-audited standalone financial results for the quarter ended June 30, 2025. These results, along with a Limited Review Report issued by the company's Statutory Auditors, have been submitted to the BSE Limited. The auditors have provided an unmodified opinion on the financial statements, indicating a clean report without any qualifications or concerns.

Reappointment of Independent Director

In a significant move, the board has approved the re-appointment of Mr. Satheesh Kumar Gopa Kumar as a Non-Executive Independent Director for a second term of five years. This decision is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Gopa Kumar's new term is set to commence from August 14, 2025, and will continue until August 13, 2030.

Profile of Mr. Satheesh Kumar Gopa Kumar

Mr. Gopa Kumar brings a wealth of experience to his role at Scoobee Day Garments. Key highlights of his profile include:

• A Chartered Accountant with over 38 years of experience in finance across FMCG, Consumer Durables, and Service sectors
• Expertise in corporate finance, accounting, financial strategy, and corporate governance
• Proven track record in senior finance executive roles and director-level responsibilities in financial planning
• Proficiency in strategic planning, marketing, sales, trade relations, and supply chain management
• Currently serving as an Independent Director on the company's board since August 2020

The board's decision to reappoint Mr. Gopa Kumar underscores the value of his contributions and expertise to the company's governance and strategic direction.

Regulatory Compliance

The company has affirmed that Mr. Gopa Kumar is not related to any other director of the company and is not debarred from holding the office of director by any SEBI order or other regulatory authority. This reappointment aligns with the SEBI regulations on corporate governance and board composition for listed entities.

Additional Board Proceedings

During the meeting, which lasted from 2:00 PM to 3:15 PM, the board also reviewed other ongoing business propositions and reports. The company has stated that all information regarding the board meeting outcomes will be made available on their official website.

Scoobee Day Garments continues to demonstrate its commitment to transparent corporate governance and strategic growth as it moves forward with these key decisions. Shareholders and market observers will likely keep a close watch on the company's performance in the coming quarters, especially in light of the approved financial results and the reappointment of a key board member.