Further to our earlier announcement dated October 03, 2025, and with regard to the captioned subject, please note that the Company has proposed a Rights Issue of Fully Paid-up Equity Shares ....
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Covidh Technologies Ltd has announced a proposed Rights Issue of fully paid-up equity shares with a face value of Rs. 10 each, aiming to raise up to Rs. 808.56 Lakhs from eligible existing shareholders. The company has submitted the Draft Letter of Offer dated October 03, 2025 to BSE, where its shares are currently listed. Key details such as the issue price, premium, entitlement ratio, and record date have not been finalized yet and are shown as placeholders in the document. The promoter of the company is Ganapa Narsi Reddy. The registrar to the issue is Skyline Financial Services Private Limited.
Existing shareholders will get the opportunity (but not obligation) to buy additional shares in proportion to their current holdings, which could lead to dilution if they choose not to participate. Since the issue price and ratio are not yet disclosed, investors should wait for the final Letter of Offer before assessing the actual cost and dilution impact.