Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we wish to inform you that the Board of Directors ....
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Covidh Technologies Ltd announced that its Board of Directors, at a meeting held on October 3, 2025, approved raising funds of up to Rs. 808.56 Lakhs through a Rights Issue of equity shares with a face value of ₹10 each. The shares will be offered to existing eligible equity shareholders as on a record date, which is yet to be determined. Key terms such as the issue price, entitlement ratio, record date, and payment schedule will be finalized by the Board at a later stage, subject to regulatory and statutory approvals under the SEBI ICDR Regulations. The filing was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements.
Existing shareholders will get the opportunity to subscribe to additional shares in proportion to their current holdings, which could lead to dilution if they choose not to participate. The actual dilution and price impact will depend on the issue price and entitlement ratio, which are yet to be disclosed.