GVPTECH: GVP Infotech Limited has informed the Exchange that Board of Directors at its meeting held on Jun 23, 2025, has decided to issue equity shares on rights basis in the ratio of 13:100, Issue of 2,11,72,007 Equity Shares of face value of Rs. 2.00/- each for cash at an Issue Price of Rs. 10.00/- per Equity Share aggregating up to Rs. 21,17,20,070/- to all the eligible equity shareholders of the Company on Rights ( Rights Issue ) as on the Record date Monday, 30th June, 2025.
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The Board of GVP Infotech Limited has approved a Rights Issue of up to 2,11,72,007 equity shares with a face value of Rs. 2 each at an issue price of Rs. 10 per share, aggregating to about Rs. 21.17 crore. Existing shareholders will be eligible to subscribe in the ratio of 13 rights shares for every 100 fully paid-up shares held. The record date to determine eligible shareholders is Monday, June 30, 2025. Payment will be in two stages — Rs. 5 on application and the remaining Rs. 5 on a call to be decided later. Post-issue, the total outstanding equity shares would rise from about 16.29 crore to 18.40 crore, assuming full subscription.
Eligible shareholders as on the record date (June 30, 2025) will get a chance to buy additional shares at Rs. 10 each. If they do not subscribe, their effective stake will be diluted by roughly 13% post-issue. The stock may see short-term pressure around the ex-rights date as the share price adjusts to reflect the rights entitlement.