VELLORA IMPACT LIMITED

Key Event Details

Approval Received: The company has received in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares.

Approval Reference: BSE letter No. LOD/RIGHT/RB/FIP/905/2026-27 dated October 07, 2026.

Application Date: The company's application for the rights issue was submitted on July 30, 2026.

Disclaimer Requirements

BSE has mandated that the company must include specific disclaimer clauses in all offering documents and advertisements:

  • The exchange does not warrant, certify, or endorse the correctness or completeness of the letter of offer
  • The exchange does not warrant that the company's securities will be listed or continue to be listed
  • The exchange takes no responsibility for the financial soundness of the company, its promoters, or management
  • The approval should not be construed as clearance or approval of the offer document by BSE

Record Date and Pricing Requirements

The company must:

  • Fix a record date for the rights issue with at least three working days' advance notice to the exchange
  • Disclose the rights issue price of equity shares at least 3 working days prior to the record date

Post-Approval Compliance Requirements

The company must comply with all statutory formalities including:

  • Completing all legal and statutory compliances before finalizing offer documents
  • Ensuring proper disclosures in offer documents
  • Posting of letter of offer and composite application form
  • Entering into agreements with all depositories for dematerialization of securities
  • Getting basis of allotment approved by the designated stock exchange (even in case of under-subscription)
  • Appointing a qualified company secretary as compliance officer
  • Making payment of all applicable charges to the exchange
  • Complying with Sections 186 and 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations
  • Procuring ODI compliance certificate from secretarial auditor before filing listing application

Listing Approval

The exchange has granted in-principle approval for listing of fully paid-up equity shares to be issued on rights basis, subject to completion of post-issue requirements and compliance with necessary statutory, legal and listing formalities.

#Tags: #VelloraImpact #RightsIssue #SEBIDisclosure #RegulatoryCompliance #CorporateAction #Neutral