Valiant Organics withdraws rights issue proposal

Valiant Organics Limited (BSE: 540145) announced today that its Board of Directors has withdrawn the proposed rights issue, initially approved on November 13, 2024. The decision, formalized via a circular resolution on June 12, 2025, was influenced by recent amendments to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2025 aimed at streamlining the rights issue process, which could be applicable to Rights issues that are approved by Board of the Issuer after coming into force of the New Simplified Regulations. The company stated that the withdrawal will enable it to explore the most efficient and cost-effective approaches to meet its funding needs. The initial rights issue proposal sought to raise up to INR 50 crores. Valiant Organics assured that they would communicate further developments to the stock exchanges.