Nature of the Event
Regulatory disclosure of the outcome of a Board of Directors meeting, specifically the approval of a rights issue of equity shares.
Key Quantitative Figures
The Board approved the issuance of equity shares to raise up to ₹15 Crores (Rupees Fifteen Crores Only). The equity shares have a face value of ₹10 each.
Dates of Action
The Board meeting was held on Friday, June 26, 2026. The meeting commenced at 11:30 a.m. and concluded at 12:30 noon. The record date for determining eligible shareholders will be determined and notified subsequently.
Parties or Entities Involved
The issuer is Vivaa Tradecom Limited. The rights issue is intended for the eligible shareholders of the company as on the yet-to-be-determined record date. A Rights Issue Committee or the Board of Directors will be authorized to determine the specific terms.
Purpose or Stated Rationale
The purpose is to raise capital via a rights issue.
Financial or Operational Impact
The fundraising is for an amount of up to ₹15 Crores. The specific financial impact, including the number of shares to be issued and the resulting dilution, will be determined after receiving in-principle approval from the stock exchange.
Capital Structure Impact
The issuance will increase the company's equity share capital. The exact extent of the increase and any dilution will be known once the final terms, including the issue price and rights entitlement ratio, are set.
Forward-looking Guidance or Management Commentary
The specific terms of the rights issue, including the issue price, rights entitlement ratio, record date, timing, and terms of payment, will be determined by the authorized committee/board and disclosed to the stock exchanges in due course.
Conditions and Approvals
The approval is subject to requisite regulatory and statutory approvals, including in-principle approval from the stock exchange.