Board approves rights issue to raise up to Rs 1200 lakhs
SUVIDHAA · price
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Board approved raising up to Rs 1200 lakhs via rights issue of equity shares to eligible shareholders. Issue price, entitlement ratio, and record date will be decided later. Subject to SEBI and other regulatory approvals. Separately, the company paid Rs 11,800 fine each to BSE and NSE for delayed board meeting intimation under Regulation 29 for May 2026, calling it inadvertent and pledging stronger compliance monitoring.
Existing shareholders may need to invest more capital via rights entitlement. Issue terms are awaited. Minor regulatory fine noted, no waiver sought.