Ecosure issues Rights Offer Letter for 26.46 Lakh equity shares at ₹35 each

Ecosure Pulpmolding Rights Issue – Key Details

Ecosure Pulpmolding invites shareholders to subscribe to 26,46,400 equity shares at ₹35 per share (including a ₹33 premium), with a face value of ₹2 each.

Key Terms & Conditions:

• Issue Size: ₹9.26 crore
• Rights Entitlement:2 shares for every 25 held (Record Date: 14.02.2025)
• Issue Price: ₹35 per share, payable on application
• Renunciation Rights: Transferable until 25.02.2025
• Subscription Period:19.02.2025 – 25.02.2025
• Fractional Entitlements: Rounded down
• Unsubscribed Shares: The Board may reallocate or cancel as per company interest
• Over-Subscription: Additional shares may be allotted at the Board’s discretion
• Allotment & Credit: Shares allotted within 7 days of issue closure, credited within 30 days

Note: Rights not subscribed or renounced by the closing date will lapse.
Also check out the Ecosure research report.​