Indian Infotech & Software Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/07/2025 ,inter alia, to consider and approve Pursuant to Regulation ....
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Indian Infotech & Software Ltd (Scrip Code: 509051) has informed BSE that its Board of Directors will meet on Tuesday, 22 July 2025 at the registered office in Andheri West, Mumbai. The key item on the agenda is to consider, discuss and approve a Rights Issue of Equity Shares, including the terms, issue price, issue size, rights entitlement ratio, record date, and issue opening and closing dates. The Board will also consider approving the Letter of Offer and other related documents, subject to in-principle approval from the stock exchange. The trading window for insiders has been closed and will remain so until 48 hours after the Board meeting concludes.
This is a potential equity dilution event for existing shareholders, as a Rights Issue allows the company to raise fresh capital by offering new shares to existing holders. The stock may see some volatility around the meeting date, and shareholders should watch for the final terms — especially the issue price and entitlement ratio — once announced.