Newspaper Publication regarding proposed Right Issue of the Fully Paid up Equity Shares of Covidh Technologies Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Covidh Technologies Ltd has published newspaper advertisements on October 30, 2025, in Business Standard (English and Hindi, all editions) and Mana Telangana (Telugu, Hyderabad), informing shareholders about its proposed Rights Issue. The issue size is up to Rs. 808.56 Lakhs, offered to eligible shareholders on the record date, as per SEBI ICDR Regulations. This follows earlier board approvals on October 3, 9, and 16, 2025. The Issue Material, including the Application Form, Letter of Offer (dated October 16, 2025), and Rights Entitlement Letter, was dispatched to shareholders on October 21, 2025.
Existing shareholders will get the opportunity to subscribe to additional shares in proportion to their holdings, but their stake may be diluted if they do not participate. The small issue size (under Rs. 8.1 crore) suggests a modest fund-raise, likely for working capital or expansion.