The company obtained approval to issue 35 percent right shares of its paid-up capital of Rs 452 million.
The company will issue 1,582,000 units of right shares at a face value of Rs 100 per unit.
The BOD meeting of the company held on September 22, 2022 decided to issue the right shares after which it sought SEBON approval on March 13.
The paid-up capital of the company will reach Rs 610.2 million after the right issue.
The company has appointed Muktinath Capital as issue manager.
