Rajnish Wellness revises Rights Issue schedule effective 31 May 2025

NOOR MOHMMED

    31/May/2025

  • Rajnish Wellness Limited has postponed its Rights Issue opening date to 10 July 2025 and closing date to 8 August 2025

  • On-market renunciation of Rights Entitlement is now allowed till 4 August 2025 instead of 11 July 2025

  • All other terms of the Rights Issue approved on 28 May 2025 remain unchanged as per SEBI disclosure norms

Rajnish Wellness Limited, listed on the Bombay Stock Exchange (BSE) under Scrip Code 541601, has officially announced a revised schedule for its upcoming Rights Issue. The update was confirmed in a corporate filing made on 31 May 2025 following a Rights Issue Committee Meeting held the same day.

As per the filing, and in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has revised the opening, closing and renunciation dates of its Rights Issue as follows:

Particulars Revised Date Earlier Date
Rights Issue Opening Date Thursday, 10 July 2025 Thursday, 12 June 2025
Rights Issue Closing Date Friday, 08 August 2025 Monday, 07 July 2025
Last Date for On-Market Renunciation of Rights Monday, 04 August 2025 Friday, 11 July 2025

These changes were formally approved by the Rights Issue Committee during its meeting held on Saturday, 31 May 2025, which commenced at 12.00 PM and concluded at 12.45 PM.


Key Approvals and Documentation

The revised schedule affects key documents such as the Letter of Offer, Abridged Letter of Offer, Rights Entitlement Form, and Application Form. All these updated documents have also been reviewed and approved by the Rights Issue Committee during the meeting.

Importantly, the company has clarified that all other terms and conditions of the Rights Issue, as originally approved by the Board of Directors on 28 May 2025, shall remain unchanged.

This action ensures compliance with the applicable SEBI guidelines and reflects the company's commitment to transparent communication with shareholders and investors.


Background and Implications

The Rights Issue is a strategic capital-raising initiative by Rajnish Wellness Limited, a company engaged in the business of wellness products and services. The move aims to strengthen the company’s capital base, support expansion, and enhance shareholder value.

Rescheduling such dates is a common business practice and can be influenced by several factors including regulatory clearances, market conditions, investor readiness, or logistical alignments.

The new timeline allows investors more time to plan their participation, and for intermediaries and exchanges to implement changes across platforms.


Next Steps for Investors

Investors should note the following:

  • Rights Issue will open on 10 July 2025 and remain active till 8 August 2025

  • Investors who wish to trade or renounce their rights can do so until 4 August 2025

  • All documentation issued previously will be replaced or supplemented with revised versions reflecting the new dates

  • There is no change in pricing, ratio or other offer terms

Investors are advised to read the updated Letter of Offer and other supporting documents carefully before taking action.


Corporate Statement

Rajnish Kumar Singh, the Managing Director of Rajnish Wellness Limited, affirmed that the update was made in the best interests of stakeholders and reflects the company’s commitment to regulatory compliance and shareholder transparency.

The Rights Issue Committee’s decision is expected to optimise participation and ensure better alignment with operational timelines.


Conclusion

The revised Rights Issue schedule of Rajnish Wellness Limited, effective from 31 May 2025, represents a minor but strategic shift in the capital raising process. While the offer terms remain the same, the extended timeline is likely to benefit investors by offering more flexibility and clarity.

Shareholders are encouraged to stay updated through official BSE filings and company announcements, and to act within the newly announced schedule.


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