Board of Directors at its meeting held on Jun 06, 2025, has decided to issue equity shares on rights basis in…
As filed · Ethos Limited has informed the Exchange that Board of Directors at its meeting held on Jun 06, 2025, has decided to issue equity shares on rights basis in the ratio of 4 : 43, i.e 4 Equity Shares for
What happened
FactEthos Limited has informed the Exchange that Board of Directors at its meeting held on Jun 06, 2025, has decided to issue equity shares on rights basis in the ratio of 4 : 43, i.e 4 Equity Shares for every 43 Equity Shares held. In relation to the Rights Issue, we wish to inform you that the Board of Directors of the Company in its meeting held. on June 6, 2025, has, inter-alia, approved the following in relation to Rights Issue of the Company:
Why it matters
CapitSignal interpretationExisting holders can maintain their stake only by putting in more money; those who do not subscribe are diluted.
Watch next
Fact- Rights ratio and issue price
- Record date and subscription window
- Promoter intention to subscribe
Evidence
How CapitSignal classified this
- Reasoning:
- RIGHTS_ISSUE base 64; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%