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The company's board has approved a rights issue to raise up to ₹49.14 Crores. It will issue up to 49.14 Cr fully paid-up equity shares, each with a face value of ₹1.00, at an issue price of ₹1.00 per share. Eligible shareholders will receive 3 rights shares for every 2 shares held as of the Record Date. The issue is scheduled to open in November and close later that month, providing an opportunity for existing shareholders to subscribe and increase their stake.