Sikko Industries Limited — Board Meeting, 30-11-2024: Outcome of Board Meeting

The Board of Sikko Industries Limited has announced a board meeting on which key decisions were made regarding the upcoming Rights Issue. The board approved December 6, 2024, as the Record Date to determine eligible equity shareholders for rights entitlements. They set the Rights Issue price at ₹98.00 per equity share, amounting to an issue size of ₹49.39 crore, with a ratio of 3 Rights Equity Shares for every 10 fully paid-up equity shares held. The Rights Issue will open on December 23, 2024, and close on January 7, 2025.