ID Info Business Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/04/2025 ,inter alia, to consider and approve 1.Allotment of equity ....
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Iconik Sports and Events Limited (formerly ID Info Business Services Limited) has informed BSE that its Board of Directors will meet on Wednesday, 30 April 2025 at 3:00 PM at the registered office in Chembur, Mumbai. The main agenda item is the allotment of equity shares to the allottees of the company's proposed preferential allotment, subject to receipt of funds. Any other business may be taken up with the Chair's permission. The intimation was signed by Managing Director Kannan Krishnan Naiker (DIN: 00014414) on 21 April 2025.
For shareholders, this means the company is moving ahead with issuing new equity shares to select allottees through a preferential route. Once funds are received and shares allotted, existing shareholders may see a dilution in their holding depending on the size of the issue.