MESSAGES

Investors do not have good opinions about the company, so the Rights issue did not receive a good response. Some gullible are trapped in it

if promoters have applied for excess shares and if they get the full allotment based on 1.80x allotment. there shareholding will increase from 18.59pct to 22.27pct. it will be positive.

Having applied 51 percent over and above my eligibility I also got fully applied shares. It appears that some big investors or promoters have not subscribed their portion.