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Savani Financials informs about outcome of right issue oversight committee meeting

28 Mar 2025 Evaluate
Savani Financials has informed that Rights Issue Oversight Committee in its meeting held on 28th March, 2025, have considered and approved following: With reference to Second Reminder of First and Final Call Money dated 21st February, 2025 in relation to payment of First and Final Call money of Rs.3.50 per Partly Paid-Up Equity Share (Comprising Rs 2 towards Face Value and Rs 1.50 towards securities premium) of the Rights Issue to the Eligible Equity Shareholders, the Company has successfully received Rs. 55,018 (Rupees Fifty Five Thousand and Eighteen Only) along with interest at the rate of 12% pa towards 15,041 Partly Paid-Up Equity Shares. The Committee therefore approved the conversion of 15,041 Partly Paid-Up Equity Shares into fully paid-up equity shares. The meeting of the Rights Issue Oversight Committee commenced at 10:30 am and concluded at 11:00 am.

The above information is a part of company’s filings submitted to BSE.


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