GVP Infotech Limited has informed the Exchange regarding the BM - Rights Issue Committee approves allotment of shares w.r.t. Rights Issue of the Company
GVPTECH · price
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GVP Infotech Limited has approved the allotment of 2,11,72,007 partly paid-up equity shares under its Rights Issue. The shares have a paid-up value of Re. 1.00 each and face value of Rs. 2.00 each, issued in the ratio of 13 rights shares for every 100 fully paid-up shares held. The issue price was Rs. 10.00 per share, which includes a premium of Rs. 8.00 per share. Shareholders paid Rs. 5.00 per share on application (including Rs. 4.00 premium), with the balance due on a future call. The record date for eligibility was 30th June, 2025, and the Letter of Offer was dated 1st July, 2025. After this allotment, the company will have 16,28,61,590 fully paid-up shares and 2,11,72,007 partly paid-up shares as additional paid-up capital.
Existing shareholders who participated will see an increase in their shareholding, though partly paid-up shares mean a future cash outflow when the balance call is made. The rights issue expands the company's paid-up capital and may lead to dilution for non-participating shareholders once final calls are made.