Stallion India Fluorochemicals Limited issued a revised announcement to correct an earlier error regarding its Rights Issue outcome.

The company clarified the face value of the newly allotted equity shares is Rs. 10, not Re.

1 as previously stated.

A Rights Issue Committee meeting recently approved the allotment of 3.68 Cr fully paid-up equity shares with a face value of Rs. 10 each, at a price of Rs. 99 per share.

This allotment was in a ratio of 19 Rights shares for every 41 existing shares.

Following this, the company's paid-up equity share capital is now 11.61 Cr shares, totaling Rs. 116.09 Cr.

Lapsed rights entitlements have also been extinguished.