This is with reference to our prior intimation dated October 03, 2025, regarding the meeting of the Board of Directors of Covidh Technologies Limited scheduled to be held today, i.e., Thursday, ....
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Awaiting price reaction for this filing.
Covidh Technologies Ltd has postponed its Board Meeting that was originally set for October 09, 2025. The Board was expected to discuss and approve matters related to a proposed Rights Issue, including the record date, issue price, and entitlement ratio. The meeting has been deferred because the company has not yet received the In-Principle Approval from BSE for the Rights Issue. The Board will reconvene to take up these matters once the exchange approval is in hand. A fresh intimation about the rescheduled meeting date is expected later.
This is a procedural delay and not a negative development on its own. Shareholders awaiting clarity on the Rights Issue terms may have to wait a bit longer, but the plan to raise funds via a Rights Issue remains intact.