GVP Infotech Limited has informed the Exchange about General Updates
GVPTECH · price
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.2 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GVP Infotech Limited has received in-principle approval from the National Stock Exchange (NSE) for a proposed Rights Issue of partly paid-up equity shares with a face value of Rs. 2 each. The approval was granted via NSE letter dated May 22, 2025, under reference NSE/LIST/47873. The exact size of the issue and pricing details are not fully visible in the filing, but eligible equity shareholders as on the record date will be entitled to subscribe. The issue must open for subscription within 12 months of the approval letter, subject to compliance with SEBI, RBI, MCA, and other regulatory requirements. Bigshare Services Private Limited is acting as the Registrar to the Issue.
Existing shareholders may get an opportunity to subscribe to additional shares in proportion to their current holdings, which could dilute shareholding if not fully subscribed. The partly paid-up nature means investors need not pay the full amount upfront, but the actual cost impact depends on the issue price and ratio, which are not disclosed in this filing.