Skipper Limited — Important, 30-11-2024: Committee Meeting Updates

Skipper Limited has announced a board meeting regarding the receipt of call money from the first and final call on its partly paid-up Rights Equity Shares. The company reported receiving approximately Rs. 143.14 Crores from 9,837,458 shares, completing 96.87% of the total Rs. 199.18 Crores from the Rights Issue. Consequently, the Rights Issue Committee approved converting these shares into fully paid-up equity. The total paid-up capital of the company now stands at Rs. 11.25 Crores, incorporating both fully paid and partly paid shares. A reminder will be sent to holders of the remaining 429,563 shares for outstanding payments. This process is expected to strengthen the company's financial position and may positively influence investor sentiment.