Franklin Industries Ltd Rights Issue (Franklin Industries Rights Issue 2024) Detail

Rights Issue Timetable

Incorporated in February 1983, Franklin Industries Limited is a company that trades in agricultural commodities, such as wheat, rice, maize, vegetables (including capsicum, tomato, etc.), fruits (including mango, watermelon, grapes, etc.), and other agricultural products. The company also provides contract manufacturing services for agricultural products such as cucumber, onion, and castor. We source these products from manufacturers by paying an advance payment or according to agreed terms, and then sell them to our network of distributors. Through our presence in the market, we have developed strong relationships with both farmers and the wholesaler/retailer community.

Thecompany practices contract manufacturing by leasing agricultural land where they cultivate Cucumbers, Onions, and Castor. The company shares a part of the yield with the farmers who work on a contractual basis on the leased land, thereby supporting the local farmers' community.;

Objects of the Issue:

The Company proposes to utilize the net proceeds from the issue towards funding the following objects:

1. Working capital requirement;
2. General Corporate Purpose;
3. To meet Issue Expenses.