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

Bannari Amman Spinning Mills Limited has announced a board meeting focused on a rights issue, involving the issuance of 1,50,79,504 equity shares at an issue price of Rs. 27 per share, which includes a share premium of Rs. 22. The total amount to be raised is up to Rs. 40.71 Cr. The rights entitlement ratio is set at 10 shares for every 43 shares held as of the record date on April 30, 2025. The rights issue will open on May 13 and close on May 26, 2025, with market renunciation allowed until May 19.