Indian Infotech & Software Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/07/2025 ,inter alia, to consider and approve Intimation about ....
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Awaiting price reaction for this filing.
Indian Infotech & Software Ltd informed BSE that its Board Meeting scheduled for June 27, 2025 has been adjourned due to lack of quorum. The original meeting was intended to consider and approve the record date, price, and entitlement ratio for a proposed Rights Issue. The adjourned meeting has been rescheduled to Tuesday, July 1, 2025. The company has also noted that the trading window will reopen only 48 hours after board approval, subject to any clarifications from stock exchanges or SEBI. No specific pricing or entitlement details for the Rights Issue have been disclosed in this filing.
This is a procedural update and not an approval event — shareholders should wait for the rescheduled board meeting on July 1, 2025 for confirmed Rights Issue terms. Short-term, the stock may see some uncertainty due to the delay in finalizing the Rights Issue details.