In continuation of our earlier intimation dated October 03, 2025, and subsequent deferment notice dated October 09, 2025, we wish to inform you that the meeting of the Board of Directors ....
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Awaiting price reaction for this filing.
Covidh Technologies Ltd's Board has approved a Rights Issue of 80,85,550 fully paid-up equity shares at ₹10 each (equal to face value), raising up to ₹8.09 crore on full subscription. Eligible shareholders as on the Record Date (Friday, October 24, 2025) will receive 25 rights shares for every 1 share held. The issue opens on November 3, 2025 and closes on November 10, 2025, with renunciation windows both on-market and off-market. Post-issue share count will swell from 3,23,422 to 84,08,972. The price being at par (just the face value) indicates a steep discount to the market price.
Shareholders must decide quickly whether to subscribe or renounce their entitlements — no withdrawal is permitted after the Issue Closing Date. While the steep discount to market is attractive, the company is small and the post-issue equity expands more than 25-fold, which could weigh on the stock price near the record date.