Innovassynth Technologies (India) Limited has approved raising funds by way of issue of equity shares of the Company for an aggregate amount not exceeding ? 70,00,00,000/- (Rupees Seventy ....
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The Board of Directors of Innovassynth Technologies (India) Limited, at its meeting on March 27, 2026, approved raising funds through a Rights Issue of equity shares with face value of ₹10 each, for an aggregate amount not exceeding ₹70 Crores. The shares will be offered to existing eligible equity shareholders as on a record date that will be notified later. A Rights Issue Committee has been formed to decide on key terms including the final issue size, entitlement ratio, issue price, record date, and timing of the issue. The exact number of shares to be issued will depend on the issue price decided by the Board. The document does not specify the intended use of proceeds.
Existing shareholders will get an opportunity to subscribe to additional shares in proportion to their current holdings. Participation is optional, so non-subscribing shareholders may see their stake diluted. The raise expands the company's equity base, though the purpose of the funds is not disclosed in this filing.