Amal Rights Issue 2023 FAQ's

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

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

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

The credit of Amal Rights Issue 2023 in Demat account is expected on or about March 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.