Om Metallogic Limited has made a regulatory disclosure to BSE Limited regarding a board decision on fundraising through a rights issue.
The Board of Directors of the Company, at their meeting held on Monday, 10 August, 2026, considered and approved the issuance of equity shares by way of a Rights Issue to eligible shareholders of the Company. The meeting commenced at 6:00 PM and concluded at 6:30 PM.
The Rights Issue is approved for up to ₹22.00 Crores (Rupees Twenty-Two Crores Only). The issuance will be made to eligible shareholders as on a record date that is yet to be determined and notified subsequently.
The equity shares to be issued have a face value of ₹10 each. The specific terms of the Rights Issue, including the issue price, rights entitlement ratio, record date, timing of the issue, and terms of payment, will be determined later by a Rights Issue Committee or the Board of Directors authorized for this purpose. These details will be disclosed to the Stock Exchanges in due course.
The issuance is subject to applicable laws, including the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and requires such regulatory and statutory approvals as may be necessary.
The disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
The exact number of equity shares to be issued will be determined after receiving in-principle approval from the Stock Exchange.