Dear Sir(s), We are pleased to inform you that Meeting of the Board of Directors of Indian Infotech and Software Limited held today i.e. on Tuesday 22nd July, 2025 at Registered Office: ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Indian Infotech & Software Ltd met on 22nd July 2025 and approved the terms of a proposed Rights Issue of up to ₹47 crores. The company will issue 42.23 crore fully paid-up equity shares of face value ₹1 each at an issue price of ₹1.10 per share (including a ₹0.10 premium), aggregating to about ₹46.46 crores. The rights entitlement ratio is 1 share for every 3 shares held by eligible shareholders as on the record date of 28th July 2025. The issue opens on 6th August 2025 and closes on 13th August 2025. BSE has granted in-principle approval for listing of the rights shares. Post-issue, the total equity share count would rise from 126.7 crore to 168.9 crore shares if fully subscribed.
Existing shareholders will need to act before the record date (28th July) and decide whether to subscribe, renounce, or let their rights lapse. With the issue price only ₹0.10 above face value, the dilution is significant - roughly 33% if fully subscribed - but the low price offers an affordable entry. Stock price may face short-term pressure on the ex-rights date as the price adjusts for the rights entitlement.