Silgo Retail LimitedSILGONSE
Authorising the Rights Issue of partly paid-up equity shares with a face value of ₹10/- each for an amount…
As filed · Outcome of Board Meeting
CapitalWatchNotablemateriality 69 out of 100
What happened
Factauthorising the Rights Issue of partly paid-up equity shares with a face value of ₹10/- each for an amount aggregating. Company (“Rights Issue”) along with approving the Draft Letter of Offer, in accordance with the Companies Act. Rights Issue Price: ₹60/- per Equity Share (including a premium of ₹50/- per Equity Share);
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%