Approval of terms of Rights Issue and fixation of Record Date by Rights Issue Committee of the Board of Directors
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Covance Softsol Ltd's Rights Issue Committee, at its meeting on August 22, 2025, finalised the terms of a Rights Issue that was originally approved by the Board on August 14, 2025. The company will issue 73,81,844 fully paid-up equity shares of face value ₹10 each at a price of ₹10 per share, aggregating to about ₹7.38 crore. Existing shareholders will be eligible at a ratio of 1 Rights Share for every 2 shares held. The record date to determine eligibility is Friday, August 29, 2025. Post-issue, total outstanding shares will rise from 1.47 crore to about 2.21 crore. Rights Entitlements will be credited in demat accounts through NSDL/CDSL under ISIN INE0R8120016.
Shareholders on the record date (August 29) will get the right to buy 1 new share for every 2 held, allowing them to maintain their stake; since the issue price equals face value (₹10), there is no premium being paid, and dilution is expected by about 50% on full subscription.