THIRD rights issue in less than 1 year AMUSING

SEPC LTD ( old name SRIRAM EPC) listed on both stock exchanges a loss making company coming out with another RIGHTS ISSUE as board meet on 29.01.2024 . this will be THIRD rights issue since March 2023. amusing AND PERHAPS first ever such case !!!
Its a SRIRAM GROUP CO made a high of 314 in year 2010 afterwards no bonus no split still fv 10 .