Vellora Impact Launches Rights Issue to Raise Up To Rs 70 Crores
Vellora Impact Limited, formerly Pratiksha Chemicals Ltd, has approved a rights issue offering fully paid-up equity shares of the company. The offer aims to raise up to Rs 70 Crores through the issuance of these "Rights Equity Shares" to eligible shareholders.The decision regarding the Rights Issue was made by the Company's Board of Directors on July 30, 2026. Through this rights issue, the company plans to issue equity shares with a face value of Rs 10.00/- each.
A specific meeting of the Rights Issue Committee has been scheduled for Tuesday, August 4, 2026. The committee is tasked with deciding various material aspects of the Rights Issue, including the determination of the Rights Issue price and related payment mechanism. Other key decisions to be made at the meeting include setting the rights entitlement ratio, determining the record date, and finalizing all other terms and conditions pertaining to the offering.
In accordance with regulations governing insider trading, the company has closed the trading window for its designated persons and their immediate relatives. This restriction was implemented starting July 30, 2026, and will remain in effect until 48 hours following the conclusion of the Rights Issue Committee Meeting.
Stock Price Movement
Pratiksha Chemicals Ltd settled at ₹15.40 on Thursday, edging higher after a 10.32% gain in the close of trade today. The shares saw significant intraday movement, trading between a low of ₹13.60 and a high of ₹16.40.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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