ADROITINFONSEAdroit Infotech LimitedHighNeutral
Announced Fri, 27 Mar · 15:31 IST

Adroit Infotech Limited has informed the Exchange that Board of Directors at its meeting held on March 27, 2026, has decided to issue equity shares on rights basis in the ratio of 2 : 3, i.e 2 Equity Shares for every 3 Equity Shares held. Issue Price is Rs. 15 per share.

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ADROITINFO · price

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Price reaction · full curve 14 horizons · vs prior close
-0.6%1-day move
₹8.85
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AI summary

The Rights Issue Committee of Adroit Infotech has approved a final chance for shareholders who failed to pay call money on the partly paid-up shares from the February 2024 rights issue. About 30.99 lakh shares still have unpaid call money, with an aggregate outstanding of roughly Rs. 3.04 crore (Rs. 2.02 crore principal + Rs. 1.01 crore premium). The payment window opens on April 10, 2026 and closes on April 30, 2026, via cheque or demand draft. Shareholders must also pay 9% per annum interest on the delayed amount. If shareholders do not pay within this window, the company will forfeit their partly paid-up equity shares as per the Companies Act and the original Letter of Offer terms.

Likely market impact

This is mainly a housekeeping step to recover old call dues and clean up the share register. For shareholders holding partly paid shares, it is a last warning to pay up or lose those shares. For the stock, the impact is limited unless the forfeited shares are reissued, but it signals tighter enforcement of payment obligations.