Geetanjali Credit Rights Issue ₹88.38 Crore Approval

Key Quantitative Figures

• Total Rights Issue Size: ₹88.38 crores (assuming full subscription and payment of call monies)
• Number of Rights Equity Shares: 7,07,07,200 partly paid-up equity shares of face value ₹10 each
• Rights Issue Price: ₹12.50 per Rights Equity Share (comprising ₹10 face value + ₹2.50 premium)
• Outstanding Equity Shares Prior to Rights Issue: 44,19,200 equity shares
• Outstanding Equity Shares Post Rights Issue: 7,51,26,400 equity shares (assuming full subscription and payment of call monies)

Parties Involved

• Issuer Company: Geetanjali Credit and Capital Limited
• Stock Exchange: BSE Limited
• Committee: Rights Issue Committee of the Board of Directors

Terms of the Rights Issue

• Instrument: Partly paid-up equity shares of face value of ₹10 each
• Rights Entitlement Ratio: 16 Rights Equity Shares for every 1 fully paid-up equity share held on the record date
• Other Terms: Details regarding fractional entitlements and other terms will be included in the Letter of Offer to be filed by the Company

Capital Structure Impact

The rights issue will significantly expand the company's equity capital base from 44,19,200 shares to 7,51,26,400 shares (assuming full subscription), representing substantial dilution and capital infusion.