Amal Rights Issue 2023 FAQ's

Amal Rights Issue 2023 price is set at ₹170 per Share. The Amal Rights Issue 2023 opens on Mar 6, 2023, and closes on Mar 14, 2023, for the subscription.

The allotment of Amal Rights Issue 2023 is expected to happen on or about Mar 21, 2023 as per the issue schedule.

Amal Rights Issue 2023 listing date is Mar 24, 2023.

The credit of Amal Rights Issue 2023 in Demat account is expected on or about Mar 23, 2023 as per the issue schedule.

The Company proposes to utilize the proceeds of this Issue towards the following objects:

1. Investment in the Wholly Owned Subsidiary, viz. Amal Speciality Chemicals Limited (ASCL) for repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Wholly Owned Subsidiary;
2. General Corporate Purposes.