Arham Technologies Limited, a Chhattisgarh-based electronics manufacturing company, has received in-principle approval from the Emerge platform of the National Stock Exchange of India Limited (NSE EMERGE) for its proposed rights issue of equity shares aggregating up to ₹40 crore.

The announcement was formally disclosed via a letter dated 16th May 2025, signed by Mrs. Pooja Avinash Gandhewar, Company Secretary and Compliance Officer of the company. This strategic capital-raising move aims to strengthen the company’s equity base by offering new shares to its existing shareholders.

Key Details of the Rights Issue

According to the official communication received by Arham Technologies from the NSE:

• The proposed issue involves equity shares with a face value of ₹10 each, to be offered on a rights basis.

• The shares will be offered to eligible equity shareholders in a specific rights ratio, which will be disclosed along with the Letter of Offer.

• The total issue size is capped at ₹40 crore, including face value and premium.

• The issue price per share, premium, record date, and ratio are yet to be finalized and publicly disclosed.

The NSE’s in-principle approval letter, Ref. No. NSE/LIST/C/2025/0547 dated 14th May 2025, clearly outlines the conditions and compliance obligations that Arham must fulfil before launching and listing the rights issue.

NSE Conditions for Approval

The in-principle approval from NSE EMERGE comes with the following mandatory compliance requirements:

1. Filing the final listing application post-allotment of shares

2. Receipt of statutory approvals and adherence to SEBI, RBI, and MCA norms

3. Full compliance with SEBI (LODR) Regulations, 2015 and other applicable laws

4. Satisfying documentary needs and internal conditions of NSE

5. Ensuring that the rights issue does not create odd lots for investors

The NSE has also reserved the right to withdraw its in-principle approval if the company fails to comply or if any information submitted is later found to be misleading or incomplete.

The company must open the rights issue within 12 months from the date of approval, i.e., before 14th May 2026.

Use of Exchange’s Name in Offer Document

As per the NSE’s permission, Arham Technologies is allowed to use the NSE’s name in the Letter of Offer, provided it includes the required disclaimer clause. This clause clarifies that the NSE’s approval should not be interpreted as an endorsement or verification of the offer document's content or the financial standing of the company.

The disclaimer specifically mentions:

“It is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the letter of offer has been cleared or approved by NSE...”

This clause serves as an investor safeguard, urging individuals to perform independent due diligence before participating in the rights issue.

Impact on Stakeholders

The move is seen as a strategic step by Arham Technologies to bolster its capital structure and fund expansion, R&D, or operational needs. A rights issue, as opposed to public or private placements, allows existing shareholders to retain proportional ownership while contributing to the company’s growth.

Eligible shareholders on the record date—to be announced later—will be offered a right to purchase additional shares in a pre-determined ratio.

Such capital-raising activities typically strengthen the balance sheet and may enhance investor confidence, particularly in high-growth sectors like electronics manufacturing.

About Arham Technologies Limited

Arham Technologies Limited, formerly known as Arham Technologies Private Limited, is a Chhattisgarh-headquartered electronics manufacturer. The company operates out of its Registered Office and Factory at Plot No. 15, Sector-22, Electronic Manufacturing Cluster, Atal Nagar Nava Raipur, with a corporate office located in Raipur city.

It focuses on the production of consumer electronics, LED TVs, home appliances, and other electronic components, supplying products to a wide range of markets across India.

The company is listed on the NSE EMERGE platform, which is tailored for small and medium-sized enterprises (SMEs), enabling them to access public capital efficiently and under a regulatory framework suited to growing companies.

Final Notes & Next Steps

With this in-principle approval in place, Arham Technologies is expected to proceed with:

• Finalising the record date and rights issue ratio

• Drafting and distributing the Letter of Offer with complete financial and procedural details

• Seeking further statutory approvals as needed

• Ensuring post-issue listing and trading of rights shares on the NSE EMERGE platform

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