Sonalis Consumer Products Ltd — Updates, 24-04-2025: Company Update

Sonalas Consumer Products Limited's Board of Directors has approved an extension of its Rights Issue, now set to close on 29th April 2025, instead of the previously scheduled 25th April 2025. This Rights Issue allocates up to 29,98,500 fully paid-up equity shares at ₹54.60 each, aiming to raise approximately ₹16.37 crore, with eligible shareholders entitled to 3 shares for every 2 shares held as of 28th March 2025. The extension allows shareholders additional time to exercise their rights, which may enhance participation and investor sentiment, favorably impacting the company’s capital position.