Rajapalayam Mills has informed that the Rights Issue Committee of the Company has, at its meeting held today, approved - I. The issue of 6, 14,680 Equity Shares of face value of Rs 10 each at an issue price of Rs 569 per Equity Share (including premium of Rs 559 per Equity Share) for an amount aggregating up to Rs 3,497.53 lakhs to all the existing equity shareholders of the Company on a rights basis (Rights Issue). The brief terms of the Rights Issue approved by the Rights Issue Committee is annexed herewith marked as Annexure-I; Friday, December 30, 2022 as the record date for the purpose of determining names of shareholders of the Company eligible to apply for the Equity Shares in the Rights Issue of the Company (Record Date); The meeting commenced at 3.30 PM and concluded at 4.00 PM.
The above information is a part of company’s filings submitted to BSE.