In continuation of our earlier announcements dated October 03, 2025 and October 08, 2025 regarding the submission of the Draft Letter of Offer and the Revised Draft Letter of Offer, we ....
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Covidh Technologies Ltd has submitted its 2nd Revised Draft Letter of Offer to BSE, incorporating changes suggested by the exchange after its review on October 08, 2025. The company is proposing a Rights Issue of fully paid-up equity shares with a face value of ₹10 each, aiming to raise up to ₹808.56 lakhs (about ₹8.08 crore) from eligible existing shareholders. Key details like the issue price, rights ratio, and record date are still to be finalized (shown as placeholders in the draft). The rights shares will be listed on BSE, which has already granted in-principle approval. This is a small-cap company (formerly known by multiple names including Lordven Technologies and Aptus Industries) with its registered office in Hyderabad and corporate office in Pune.
Shareholders will get a chance to subscribe to new shares in proportion to their existing holdings, though final terms (price, ratio, record date) are not yet announced. The relatively small issue size of ~₹8 crore suggests dilution risk, and existing investors should watch for the final issue price and ratio to assess whether subscribing is attractive.