Rights Issue Announcement for Shri Niwas Leasing & Finance Ltd - Feb 27, 2025

Shri Niwas Leasing & Finance Ltd has announced a rights issue, offering existing shareholders the opportunity to purchase additional shares at a favorable rate. The rights issue comes with a ratio of 10:1,meaning shareholders are entitled to buy 10 new shares for every 1 shares they currently hold.

This issue is priced at a premium of 1 per share. Important dates for this rights issue include the record date of Feb 27, 2025, which is the cutoff date to determine shareholder eligibility for the rights offer. The ex-date, when the stock will begin trading without the rights entitlement, is Feb 27, 2025.