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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Awaiting price reaction for this filing.
The Board of Directors of Covidh Technologies Ltd, at its meeting held on October 3, 2025, approved a Rights Issue of equity shares (face value ₹10 each) to existing eligible shareholders for an amount not exceeding Rs 808.56 Lakhs. The record date, issue price, entitlement ratio, and terms of payment are yet to be determined by the Board. The issue is subject to statutory and regulatory approvals under the SEBI ICDR Regulations and other applicable laws. No specific purpose for raising the funds was disclosed in the filing.
Existing shareholders will get the opportunity to subscribe to additional shares proportionally, but any dilution or pricing impact will depend on the terms yet to be announced. The Rs 808.56 Lakhs raise is relatively modest, and share price reaction will hinge on the issue price and stated use of funds once disclosed.