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The Rights Issue Committee of Antarctica Limited has decided to withdraw its previously approved rights issue intended to raise Rs. 49 Crores. The withdrawal follows discussions highlighting unexpected delays in the project for which the funds were earmarked. The timeline for project completion has become uncertain, prompting the Committee to defer the rights issue until the project schedule is clearer and aligns better with the company's strategic goals. This prudent decision underscores the Committee's commitment to ensure that any future capital raising is directly linked to well-defined business milestones. The Committee plans to reassess the rights issue once there is greater clarity on project timelines and funding needs.