Indian Infotech & Software Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/06/2025 ,inter alia, to consider and approve 1. In continuation ....
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Indian Infotech & Software Ltd has called a Board meeting on 27 June 2025 to finalise details of its previously approved Rights Issue of equity shares worth up to Rs. 47 crore. The Rights Issue Committee, acting on the Board's delegation, will decide the record date, issue price, and entitlement ratio, subject to in-principle approval from BSE. This follows a Board outcome dated 23 June 2025 where the Rights Issue was first approved. The trading window for insiders remains closed until 48 hours after the meeting concludes.
Shareholders may soon receive rights entitlements to subscribe to additional shares, which could dilute existing holdings but also raise up to Rs. 47 crore in fresh capital for the company. The actual impact on share price will depend on the issue price and entitlement ratio decided at the meeting.