E.B. Creasy Announces Rs. 1.52 Bn Rights Issue 📈

E.B. Creasy & Company PLC has announced the schedule for its Rights Issue to raise Rs. 1.52 Bn. • Basis: 1 new share for every 10 shares held, priced at Rs. 60 each. This will result in the issuance of 25,354,580 shares. • Use of Proceeds: Rs. 1 Bn will be utilized to settle short-term interest-bearing borrowings. The remaining Rs. 500 Mn is earmarked for investment in subsidiary Darley Butler & Co. Ltd. • Key Dates: The Extraordinary General Meeting (EGM) is set for November 11, 2025. The Ex-Rights date is November 12, and the Record Date is November 13. The final date for acceptance and payment is December 9, 2025. • Financial Snapshot: The capital raising follows strong consolidated June 2025 quarterly earnings of Rs. 316.5 Mn, marking a 79% YoY increase. • Group-level short-term borrowings stood at Rs. 4.58 Bn at end-June 2025, while Net Asset Value per share rose to Rs. 31.12 (up from Rs. 24.82 in March 2025). • The share closed yesterday at Rs. 69.90.