1. Taken on Records the resignation tendered by Ms. Aksha Bihani (DIN: 08102933) as an Independent Director of the Company and approved the same w.e.f. closure of working hours of 16th ....
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Indian Infotech & Software Ltd held a board meeting on 23rd June 2025 and approved two main items. First, the board accepted the resignation of Ms. Aksha Bihani (DIN: 08102933) as an Independent Director, effective from the close of working hours on 16th June 2025. Second, the board approved a Rights Issue of fully paid-up equity shares worth up to Rs. 47 Crores, to be offered to existing eligible equity shareholders on a record date to be notified later. The board also approved the Draft Letter of Offer for this Rights Issue and constituted a Rights Issue Committee comprising Mr. Anant Chourasia (Managing Director) as Chairperson, Mr. Bhairu Ratan Ojha (CFO) as Member, and Mrs. Shilpi Chourasiya as Member.
Shareholders should watch for the record date announcement, as the Rs. 47 Crore Rights Issue could dilute their holdings if they choose not to subscribe, while also bringing fresh capital into the company. The departure of an Independent Director is routine, but investors may want to track whether a replacement is appointed soon to maintain board composition norms.