Road Map for Rights issue
| Sl.NO |
PARTICULARS |
REMARKS |
|---|---|---|
| 1. | Cut-off Date | The shareholders of the company to be considered as on cut-off date. *Meaning of cut-off date: It is the date fixed for taking record of shareholders to be eligible to participate in right issue. |
| 2. | Notice of BM | Notice to be sent with agenda and Notes to Agenda. *Notice of Board Meeting along with agenda to be sent at least 7 days before the meeting. However, a shorter notice can be given with the Consent of Board of directors. |
| 3. | Board Meeting – Offer Rights Issue to Existing Shareholders | Board Meeting to be convened for approving offer of Equity on Right basis to Existing Shareholders with requisite terms and conditions. |
| 4. | Offer letter and Composite Application Form- Opening of offer | Offer letter along with CAF to be issued to all the existing Shareholders entitled either through Reg post or speed post or through E-mail. |
| 5. | Offer period | Offer period will be open for a period of 3 days. |
| 6. | Acceptance or Waiver- Closure of offer | Existing shareholders to submit acceptance letters or waiver letter to the Board. |
| 7. | Notice of BM (Post Board Meeting) | Notice to be sent with agenda and Notes to Agenda Note: Consent for Shorter Notice to be obtained in case of meeting to be held on shorter notice. |
| 8. | Board Meeting-Identification of investor | Board Meeting for Identification of investors for Subscribing to Declined (waived off) shares and issue offer letter to identified investors. |
| 9. | Receipt of money | Bank statement depicting the receipt of amount from all the shareholders. |
| 10. | Notice of BM (For allotment of shares and issuance of share certificates) | Notice to be sent with agenda and Notes to Agenda Note: Consent for Shorter Notice to be obtained in case of meeting to be held on shorter notice. |
| 11. | Board Meeting-Allotment of Shares | Allotment of Shares to all the Shareholders and preparation of List of Allottees as on 17/01/2022 or 18/01/2022 |
| 12. | Form PAS-3 | Filing of form with ROC towards Allotment of shares |
| 13. | Filing of form with ROC towards Allotment of shares | On Approval of PAS-3 by ROC, the paid-up capital on Master data will reflect the allotted Amount. |
| 14. | Utilization of Funds | Funds can be utilized by the company only after the approval of PAS-3 from ROC. |
| 15. | Issuance of Share Certificates | Issuance of Share Certificates (SH-1) in accordance with the provisions of section 46 read with Rule 5 of Companies (Share Capital and Debentures) Rules, 2014. |
