Aplab Limited (BSE: 517096) has announced an extension to the closing date of its ongoing Rights Issue of partly paid-up equity shares. The issue, which commenced on June 4, 2025, and was originally scheduled to close on Friday, June 20, 2025, will now conclude on Thursday, July 03, 2025. This decision was taken by the Rights Issue Committee of the Board of Directors at its meeting held on Friday, June 13, 2025.
The company informed the BSE Limited about this development on June 17, 2025, pursuant to Regulation 30 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Aplab Limited is raising up to ₹2,388.30 lakh through this Rights Issue.
| Activity | Revised Date |
|---|---|
| Issue Opening Date | Wednesday, June 4, 2025 |
| Last Date for On Market Renunciation of Rights Entitlements | Monday, June 30, 2025 |
| Last Date for Off Market Renunciation of Rights Entitlements* | Wednesday, July 2, 2025 |
| Issue Closing Date** | Thursday, July 03, 2025 |
| Finalisation of Basis of Allotment (On or About) | Friday, July 04, 2025 |
| Date of Allotment (On or About) | Friday, July 04, 2025 |
| Date of Credit of Rights Equity Shares (On or About) | Monday, July 07, 2025 |
| Date of Listing (On or About) | Monday, July 07, 2025 |
| Date of Commencement of Trading | Tuesday, July 8, 2025 |
**Investors are advised to ensure that the Application Forms are submitted on or before the Issue Closing Date. The Company and/or the Registrar to the Issue will not be liable for any loss on account of non-submission of Application Forms on or before the Issue Closing Date.
Details of the Rights Issue Extension
Aplab Limited has formally communicated the extension of its Rights Issue closing date through a newspaper advertisement dated June 16, 2025, which was published on June 17, 2025. The advertisements appeared in the Financial Express (English national daily with wide circulation), Jansatta (Hindi national daily with wide circulation), and Mumbai Laksha Deep (regional language daily newspaper with wide circulation).
The company clarified that apart from the change in the Issue Closing Date and the consequent adjustments to the indicative timetable for post-issue activities, there are no other modifications to the terms outlined in the Letter of Offer (LOF) dated May 27, 2025, or the Composite Application Form (CAF) that were sent to eligible equity shareholders. A copy of the advertisement is also available on the company's website at www.aplab.com and on the website of the Registrar to the Issue, Adroit Corporate Services Pvt. Ltd., at www.adroitcorporate.com.
Rights Issue Particulars
The ongoing Rights Issue comprises up to 1,25,70,000 partly paid-up equity shares, each with a face value of ₹10. These shares are being offered at an issue price of ₹19 per Rights Equity Share, which includes a premium of ₹9 per share. The total aggregation from this issue is targeted at up to ₹2,388.30 lakh, assuming full subscription and receipt of all call monies for the partly paid-up shares.
The Rights Entitlement Ratio for the issue is 1 (One) Rights Equity Share for every 1 (One) fully paid-up equity share held by eligible equity shareholders of the company as on the record date, which was Thursday, May 29, 2025.
Information for Eligible Equity Shareholders
Eligible equity shareholders of Aplab Limited are advised to take note of the revised Issue Closing Date, now set for Thursday, July 03, 2025. The last date for submission of the duly filled-in Application Form, along with the amount payable on application, has accordingly been extended to July 03, 2025.
For shareholders wishing to renounce their rights entitlements, the last date for on-market renunciation is Monday, June 30, 2025. Off-market renunciation of Rights Entitlements can be done until Wednesday, July 2, 2025. It is crucial for those participating in off-market transfers to ensure that the Rights Entitlements are credited to the demat account of the Renouncee(s) on or before the extended Issue Closing Date.
The company has emphasized that neither Aplab Limited nor the Registrar to the Issue will be held liable for any loss incurred due to the non-submission of Application Forms by the revised deadline.
About Aplab Limited
Aplab Limited was originally incorporated on September 30, 1964, in Mumbai under the Companies Act 1956, with the name 'Applied Electronics Limited'. The company received its certificate of commencement of business on the same day. Subsequently, on October 06, 1994, the company's name was changed to its current name, 'Aplab Limited', and a fresh certificate of incorporation was obtained.
The company's registered office is located at Plot No. 12, TTC Industrial Area, Thane Belapur Road, Digha, Navi Mumbai - 400 708, India. The Corporate Identification Number (CIN) of Aplab Limited is L99999MH1964PLC013018. The promoter of the company is Mrs. Amrita Prabhakar Deodhar. Mr. Rajesh Kesrinath Deherkar serves as the Company Secretary and Finance Controller & Compliance Officer. Aplab Limited's shares are listed on the BSE Limited under the scrip code 517096.
