Bannari Amman Spinning Mills Limited — QIP/Rights/Pref., 24-04-2025: Rights Issue

Bannari Amman Spinning Mills Limited has announced a board meeting outcome, approving a Rights Issue of 1,50,79,504 equity shares with a face value of ₹5 each, aimed at raising up to ₹40.71 crore. The issue price is set at ₹27 per share, consisting of ₹22 as share premium. The entitlement ratio is 10 rights shares for every 43 shares held as of the record date, April 30, 2025. The Rights Issue will open on May 13, 2025, with market renunciation until May 19, 2025, and will close on May 26, 2025.