Road Map for Rights Issue

Road Map For Rights Issue

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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.

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