Fund raising by way of the issue of fully paid-up equity shares of the company
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Covance Softsol's board, at a meeting on August 14, 2025, approved raising up to Rs. 7.5 crore by issuing fully paid-up equity shares to eligible shareholders on a rights basis. A Rights Issue Committee has been formed to finalise the issue size, price, entitlement ratio, record date, and other terms, which will be notified later. The company has not disclosed the purpose or use of funds in this announcement. The Rights Issue will be carried out under the Companies Act, 2013 and SEBI ICDR Regulations.
Existing shareholders may see dilution but get a chance to subscribe proportionally and maintain their stake. Investors should watch for the record date, issue price, and use-of-funds disclosure once the Rights Issue Committee announces further details.