Super Crop Safe Limited, a leading agrochemical company, has announced that its Board of Directors has approved a ₹32 crore rights issue to raise funds. The decision was taken at the company's board meeting held on April 2, 2025, at its registered office in Ahmedabad, Gujarat. This rights issue will allow existing shareholders to subscribe to additional fully paid-up equity shares of the company, as per regulatory requirements.

The rights issue is in compliance with the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. The company aims to strengthen its financial position and support future business growth through this capital raise.

Formation of Rights Issue Committee

To oversee the rights issue process, the board has constituted a Rights Issue Committee that will finalize critical aspects of the issue, including:

• Final Issue Size and Amount – The committee will determine the exact number of shares to be issued and the capital to be raised, up to the approved ₹32 crore.

• Rights Entitlement Ratio – This will specify how many additional shares a shareholder can purchase based on their existing holdings.

• Issue Price & Record Date – The pricing of shares and the eligibility cut-off date for existing shareholders will be determined.

• Approval of Draft Letter of Offer – The committee will ensure that necessary regulatory documents are prepared for SEBI and stock exchanges.

• Appointment of Intermediaries – If required, the company will appoint merchant bankers, legal advisors, and other intermediaries for a smooth issue process.

• Allotment of Shares – Once the subscription period concludes, shares will be allotted to eligible shareholders.

The rights issue is expected to enhance liquidity, expand business operations, and support the company's long-term growth plans.

Appointment of Secretarial Auditor

In addition to approving the rights issue, the Board of Directors has appointed M/s. SPANJ & Associates, Practicing Company Secretaries, as the Secretarial Auditor for the financial year 2025-26. The appointment is in line with the company’s commitment to maintaining governance and compliance standards.

Board Meeting Details

• The Board Meeting commenced at 11:30 AM and concluded at 12:30 PM on April 2, 2025.

• The meeting was held at the company’s registered office in Ahmedabad, Gujarat.

About Super Crop Safe Limited

Super Crop Safe Limited is a leading agrochemical company based in Ahmedabad, Gujarat, engaged in manufacturing and marketing crop protection chemicals, pesticides, and other agricultural solutions. The company focuses on delivering innovative and sustainable farming solutions to enhance agricultural productivity.

Super Crop Safe Limited is listed on the Bombay Stock Exchange (BSE) under the Scrip Code: 530833, and its shares are traded under ISIN: INE366G01022.

Conclusion

The ₹32 crore rights issue marks a significant step for Super Crop Safe Limited, allowing it to raise capital from existing shareholders and fuel future expansion. With a dedicated Rights Issue Committee in place, the company ensures a structured and compliant fundraising process. The appointment of a new Secretarial Auditor further reflects Super Crop Safe’s commitment to strong corporate governance.

The market will closely watch for further updates, including the rights entitlement ratio, issue price, and key dates for subscription. Investors and shareholders are advised to stay updated for official announcements regarding the record date and offer details.

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