Metallic Moves: Unison Metals Approves Rights Issue at a Steely ₹25

Unison Metals Ltd has informed about the approval of major terms for its future rights issue in the Board of Directors meeting that took place on April 8, 2025. This rights issue will be used to raise funds for supporting the company's growth and operational goals. Following are the major points of the announcement:

Key Points:

Issue Price: The rights issue price has been fixed at ₹25 per equity share.

Rights Entitlement Ratio: The rights entitlement ratio will be mentioned in the detailed offer document to be submitted to regulatory authorities shortly.

Fundraising Target: The company wants to raise as much as ₹35 crore through this rights issue.

Trading Window Closure: As per SECI regulations, the trading window for directors, officers, and specified employees will continue to be closed until 48 hours after the end of the board meeting.

Regulatory Compliance: The draft letter of offer for the rights issue will be filed with BSE for in-principle approval.

Terms of Payment: Information on payment terms and record date for eligibility will be communicated in future communications.

This move reflects Unison Metals Ltd's efforts to enhance its financial standing and deliver value to its shareholders. Additional information on the entitlement ratio and other details is due to be released soon.

Sources: Business Standard, Economic Times, BSE Announcements