News Paper Publication of extension of Right Issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indian Infotech & Software Ltd has extended the closing date of its ongoing Rights Issue by one week, from 13th August 2025 to 20th August 2025. The decision was taken by the Rights Issue Committee on 12th August 2025 to give investors more time to subscribe. The company is offering up to 42.23 crore fully paid-up equity shares at a price of ₹1.10 per share (including a ₹0.10 premium on the ₹1 face value), aggregating up to ₹46.46 crore. Eligible shareholders can subscribe in the ratio of 1 rights share for every 3 shares held on the record date of 28th July 2025. The newspaper publication of this extension (a corrigendum to the Letter of Offer dated 22nd July 2025) was filed with BSE on 13th August 2025.
Existing shareholders get an extra week to subscribe to their rights entitlement, which is good for those who need more time to decide or arrange funds. The issue priced just above face value suggests the company is raising modest capital primarily for expansion or working capital, but it will dilute existing holdings unless fully subscribed.