Spright Agro has informed that the Board of Directors of the Company, in their meeting held today, i.e. 3rd June, 2024, have considered and approved the following terms of the Right Issue: 3,34,84,611 Fully paid-up Equity Shares of ? 1/- (Rupees One Only) each at an issue price of ? 13.40/- (Rupees Thirteen and Forty Paisa Only) per equity share aggregating to ? 44,86,93,788/-; Right Issue Price: ? 13.40 per fully paid-up Equity Shares (including a premium of ? 12.40 per Equity Share); Right Entitlement Ratio: 1 (One) new Right Shares for every 15 (Fifteen) Existing Equity Shares held by the eligible shareholders as on the Record Date; Record Date: Fixed the Record Date on Friday 7th June, 2024 for the purpose of determining the eligible shareholder to apply for the Right Issue; Right Issue Period: Issue Opening Date: Monday, 24th June,2024, Issue Closing Date: Friday, 12th July, 2024; Terms of Payment: The Issue Price of ? 13.40/- per Equity Share shall be payable at the time of application; Outstanding of Equity Shares: Prior to the Right Issue: 50,22,69,160 Equity Shares Post Right Issue: 53,57,53,771 Equity Shares; ISIN for Rights Entitlement- INE179O20015. The meeting started at 12:00 PM and concluded at 12:50 PM.
The above information is a part of company’s filings submitted to BSE.
