In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held today, have inter alia, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Innovassynth Technologies met on March 27, 2026, and approved a proposal to raise funds of up to ₹70 crores through a Rights Issue of equity shares with a face value of ₹10 each. The shares will be offered to existing eligible equity shareholders on a rights basis at a price to be decided by the Board. A Rights Issue Committee has been constituted to finalize the issue size, entitlement ratio, issue price, record date, and other related matters. The record date and detailed terms will be notified subsequently, and the proposal is subject to applicable regulatory and statutory approvals. The Board meeting ran from 4:30 p.m. to 4:50 p.m.
Existing shareholders will be given the opportunity to subscribe to additional shares in proportion to their holdings, which could lead to equity dilution if not all shareholders participate. The fund raise is likely intended to support the company's growth or strengthen its balance sheet, and the stock may react once the issue price and record date are announced.