Diligent Industries Ltd Right Issue

₹49.40 Cr BSE 11 Nov 2024 – 9 Dec 2024

Closed Ratio: 6 : 5 BSE
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Issue Price
₹3.60
Face Value
₹1.00
Issue Size (Shares)
137,232,000
Issue Size (₹ Cr.)
₹49.40
📅 Right Issue Timetable
Last Date to Buy SharesWed, Oct 23, 2024
Record DateThu, Oct 24, 2024
Credit of Rights EntitlementsThu, Nov 7, 2024
Bid/Offer Opens OnMon, Nov 11, 2024
Issue Open DateMon, Nov 11, 2024
Renunciation Last DateMon, Nov 18, 2024
Bid/Offer Closes OnMon, Dec 9, 2024
Issue Close DateMon, Dec 9, 2024
Deemed Date of AllotmentSat, Nov 30, 2024
Credit DateWed, Dec 4, 2024
Listing DateFri, Dec 6, 2024
📋 Right Issue Details
Issue Size (Shares)137,232,000
Issue Size (Amount)₹49.40 Cr.
Issue Price₹3.60 per share
Face Value₹1.00 per share
Entitlement Ratio6 : 5
Listing AtBSE
Terms of PaymentThe full amount of the Issue Price being Rs 3.60 will be payable on application.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-312022-03-31
Income123.95125.08103.45
EBITDA
Net Worth17.9315.9113.75
Reserves & Surplus6.504.472.31

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Adjustment of Unsecured Loans against the Rights Entitlement of the Promoters.
2owards meeting working capital requirements; and
3General Corporate Purposes
🏢 About the Company
The company was incorporated on January 13, 1995 as Yatish Securities Limited and later changed its name to Diligent Industries Limited. The company is engaged in the manufacturing, processing and trading of edible oils, food and agricultural products in India.

Its diverse product range includes rice bran oil, palm carnal oil and cotton oil. Recently, the company has expanded its product range to include refined edible oils, which will increase its market presence and strengthen its brand image.

To drive growth, the company is focusing on building its brand image, expanding its refinery capacity and moving into the cattle feed manufacturing sector. The company is committed to increasing operational efficiency and product quality through continuous improvements and maintaining close customer relationships.
📞 Company Contact
CompanyDiligent Industries Ltd
AddressDwarka Thirumala Road,
Dendurulu Village and Mandal,
West Godavari - 534 452
West Godavari, Andhra Pradesh, 534452
Phone08829256099
Emaildiligentinvestors@gmail.com
WebsiteVisit ↗
📝 Registrar
NameVenture Capital & Corporate Investments Ltd.
Phone040-23818475/23818476
Emailrightsissue@vccipl.com
WebsiteVisit ↗