Innovassynth Technologies (India) Limited has approved raising funds by way of issue of equity shares of the Company for an aggregate amount not exceeding Rs. 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 (face value Rs. 10 each) for an aggregate amount not exceeding Rs. 70 Crores. The shares will be offered to eligible equity shareholders on a record date to be notified later, at a price to be decided by the Board. A Rights Issue Committee has been constituted to finalise terms including issue size, entitlement ratio, issue price, record date, and timing. The proposal is subject to applicable regulatory and statutory approvals.
Existing shareholders will get the opportunity to subscribe to additional shares in proportion to their existing holdings, which may dilute their stake if they do not participate. The fund raise could strengthen the company's capital base, though specific use of proceeds has not been disclosed in this announcement.