Vipul Organics Limited , a leading specialty chemicals company in the pigments and dyes sector, has announced March 10, 2025, as the record date for its upcoming rights issue. Under the approved terms, shareholders will receive one equity share for every three fully paid-up shares held (1:3 ratio).

The Rights Issue Committee, in its meeting on March 4, 2025, finalized the issue schedule. The offer will open on Friday, March 21, 2025, and close on Wednesday, April 2, 2025.

In response to current market conditions and to benefit its shareholders, Vipul Organics has revised the rights issue price to Rs 46 per share, down from the previously announced Rs 54 per share. The total issue size is set at Rs 2,041.15 lakhs.

Commenting on the development, Mr. Vipul P. Shah, MD of Vipul Organics Limited, stated, “We are optimistic about our company’s future and progressing well with the construction of our new plant at Sayakha, Gujarat, which remains on schedule for trial runs in the third quarter of FY 2025-26. Our shareholders are our greatest strength, and in light of market conditions, we have revised the rights issue price to Rs 46 per share, ensuring greater value for our stakeholders.”