Newspaper publication for Basis of allotment.
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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.
Indian Infotech & Software Ltd has completed the allotment of 40,73,69,772 equity shares (approximately 40.74 crore shares) of face value Re. 1.00 each at a price of Rs. 1.10 per share, including a premium of Re. 0.10 per share. The Board of Directors approved this allotment on Friday, 05th September 2025, bringing in roughly Rs. 44.81 crore to the company. The company has published newspaper advertisements in Financial Express (English), Jansatta (Hindi), and Lakshadeep (Mumbai) on 06th September 2025, as required under SEBI ICDR Regulations. The filing is a compliance disclosure submitted to BSE under Regulation 30 read with Schedule III of the SEBI Listing Obligations, 2015.
This is a large equity issuance that will significantly dilute existing shareholders, with share count expanding by roughly 40.74 crore shares at near face value. The minimal premium of just Re. 0.10 above face value suggests this may be a rights issue or preferential allotment to promoters/group entities rather than a market-driven fundraising, which existing public investors should factor in.