Who is eligible for rights issue?

Only existing shareholders of the company, who hold shares as of the record date, are eligible to participate in the rights issue. The record date is the cutoff date set by the company to determine which shareholders are entitled to receive the rights.

Shareholders must have their shares in demat form (electronic form) to receive the Rights Entitlement (RE). If shares are held in physical form, they need to provide their demat account details to the company or registrar to participate.