ALPHA TRIBE

Arunis Abode LtdBoard Meeting, 25-07-2025: Board Meeting

25-07-2025 | 07:30 pm

Arunis Abode Limited's Board has approved a Rights Issue to raise capital by issuing new fully paid-up Equity Shares for an amount not exceeding Rs 60.48 Cr. This Rights Issue provides eligible existing shareholders the opportunity to subscribe to new shares. A special committee has been formed to determine the specific terms, including the issue price, ratio, record date, and timeline for the offering. This strategic move aims to strengthen the company's financial position or fund future growth initiatives, allowing shareholders to participate in the capital raise.

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