We wish to inform you that the Letter of Offer along with the issue materials have been duly dispatched to all eligible equity shareholders as on the Record Date, i.e., April 29, 2026.
Price
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Innovassynth Technologies is raising approximately ₹69.65 crores through a rights issue of 1,74,11,380 fully paid-up equity shares. Each share has a face value of ₹10 and is being offered at ₹40 per share (including ₹30 premium). Existing shareholders are being offered 3 rights shares for every 13 shares held as of the record date April 29, 2026. The Letter of Offer and issue materials have been dispatched to all eligible shareholders and submitted to SEBI for compliance purposes.
This rights issue will dilute existing shareholding but provides existing shareholders an opportunity to maintain their ownership percentage at a discounted price of ₹40 per share versus the ₹10 face value.