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| NOTICES |
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| Notice No. |
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20221110-35 |
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Notice Date |
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10 Nov 2022 |
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| Category |
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Corporate Actions |
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Segment |
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Equity |
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| Subject |
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Rights issue of Equity Shares of Rungta Irrigation Ltd. |
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| Content |
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Trading Members of the Exchange are hereby informed that, Rungta Irrigation Ltd. has fixed Record date for the purpose of Rights Issue of Equity Shares. The transactions in the Equity Shares of the Company should be done on Ex-Rights basis with effect from the under mentioned date:-
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DEMATERIALISED SECURITIES – ROLLING SETTLEMENT SEGMENT
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COMPANY NAME
& CODE
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RECORD DATE
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PURPOSE
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Ex-Right basis from Date & Sett. No.
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Rungta Irrigation Ltd.
(530449)
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11/11/2022
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Issue of 1.25 Equity Share of Rs.10/- each for cash at premium of Re.1/- on Rights basis for every 1 (One) Equity Share held.*
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11/11/2022
DR-653/2022-2023
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* Issue Price of Rs.11/- will be paid as Rs.3/- on Application, Rs.4/- on First Call and Rs.4/- on Second Call.
Note: Company has clarified that, Equity Shares are being offered on a Rights basis under the issue in the ratio of 1.25 Rights Equity Shares for every 1 Equity Share held on the Record Date, i.e., if the shareholding of any of the eligible Equity Shareholders is less than 4 Equity Shares or not in multiples of 4, the fractional entitlement of such eligible equity shareholders shall be ignored for computation of the Rights Entitlements. Thus, shares will be issued in multiple of 4 Equity Shares and any fractional entitlement shall be ignored for computation of Rights Entitlement. Thus, the final shares entitlement ratio comes to be as 5 Right Equity Shares for every 4 Equity Shares (5:4).
Trading Members of the Exchange are requested to take note of it.
Marian Dsouza
Senior Manager – Listing Operations (CRD)
November 07, 2022
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