Announced Tue, 30 Jun · 20:09 IST
Board approves rights issue of equity shares up to Rs. 12 crore
Corporate Actions View source PDF
SUVIDHAA · price
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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹2.70
prior close
₹2.82
base price
After-mkt
timing
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-3.5-2.8——-0.7+0.0-3.0-3.7-6.3-4.8-5.6———
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AI summary
Suvidhaa Infoserve board approved raising up to Rs. 1200 Lakhs (Rs. 12 crore) via equity shares on rights basis to eligible shareholders. Issue price, entitlement ratio and record date are yet to be decided. The company also paid fines of Rs. 11,800 each to BSE and NSE for late intimation of a prior board meeting under Regulation 29 for May 2026, terming it inadvertent.
Likely market impact
Existing shareholders may need to contribute more capital or face stake dilution if they do not participate in the rights issue.