GVP Infotech Limited has informed the Exchange about Newspaper advertisement of extract of Notice of opening of Rights Issue.
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GVP Infotech Limited has informed the NSE about the newspaper publication of its Rights Issue opening notice, dated 9th July 2025. The company is offering up to 2,11,72,007 partly paid-up equity shares at Rs. 10 per share (face value Rs. 2, premium Rs. 8), aggregating up to Rs. 21.17 crore. The ratio is 13 rights shares for every 100 shares held on the record date of 30th June 2025. The issue opens on 14th July 2025 and closes on 24th July 2025, with shareholders required to pay only Rs. 5 per share on application (50%) and the balance on a later call. Shareholders can also trade or renounce their rights entitlements on the NSE platform between 14-18 July 2025. The promoter (Mr. Dhaval Jitendrakumar Mistry on behalf of M/s. Linkstar Trust) is backing the issue.
Eligible shareholders as of the 30th June 2025 record date get a chance to increase their stake at Rs. 10 per share, but this is a partly paid-up structure so only half the amount is due now. Shareholders who do not subscribe or renounce their rights will see their holdings diluted once new shares are allotted.