Intimation of record date to determine the eligible shareholders for Rights Entitlement
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Covance Softsol Limited has announced a rights issue of up to ₹7.38 crore, comprising 73,81,844 fully paid-up equity shares of face value ₹10 each, to be issued at ₹10 per share (at par). The entitlement ratio is 1 rights share for every 2 shares held by eligible shareholders. The record date to determine eligible shareholders has been fixed as Friday, August 29, 2025. Post-issue, the total outstanding equity shares will increase from 1,47,63,689 to 2,21,45,533, representing roughly a 50% expansion of the share base.
Eligible shareholders as of the record date (August 29, 2025) will receive rights entitlements credited to their demat accounts, giving them the opportunity to subscribe to additional shares at face value. Since the issue is priced at par with no premium or discount to market, shareholders should evaluate whether subscribing aligns with their investment goals, as the share count will increase by about 50% on full subscription.