Vivid Mercantile Ltd. Announces Rights Issue of Equity Shares
Vivid Mercantile Limited announced on March 26, 2026, that its Board of Directors approved a rights issue to raise funds. The meeting of the Board of Directors commenced at 4:00 P.M. and concluded at 5:15 P.M.The company plans to issue up to 5,01,28,200 fully paid-up equity shares of a face value of ₹ 1/- each, at an issue price of ₹ 5/- per share. The total amount to be raised aggregates up to ₹ 2506.41 Lakhs.
Details of the rights issue are outlined below:
| Particulars | Details |
|---|---|
| Type of Securities | Fully Paid-up Equity shares of face value of ₹ 1/- each |
| Type of Issuance | Rights Issue of Fully Paid-Up Equity Shares |
| Total Number of Securities | Up to 5,01,28,200 Equity Shares |
| Issue Price | ₹ 5/- per share (including a premium of ₹ 4/- per share) |
| Terms of Payment | On Application: ₹ 1/- Face Value + ₹ 4/- Premium = ₹ 5/- |
| Rights Entitlement Ratio | 1 Rights Equity Share for every 2 Equity Shares held |
| Outstanding Equity Shares Prior to Rights Issue | 10,02,56,400 Equity Shares |
| Outstanding Equity Shares Post Rights Issue | 15,03,84,600 Equity Shares |
The Record Date and ISIN for Rights Entitlement will be announced by the Company in due course. The Letter of Offer, including detailed terms and procedures, will be filed with the Securities and Exchange Board of India and BSE Limited.
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