Healthy Life Agritec Approves Rs 50 Crore Rights Issue For Existing Shareholders

Board approved rights issue of partly paid-up equity shares of Rs10 face value for up to Rs 50 Cr (Rs 5,000 Lakhs) to eligible shareholders as on record date to be fixed. Issue subject to statutory/regulatory and stock exchange approvals under SEBI ICDR; price, entitlement ratio, record date, timing and payment terms to be decided by Board/Rights Issue Committee. Board formed 3-member Rights Issue Committee led by Divya Mojjada; dilution, pricing and timetable undisclosed; no other material agenda items.