Board approves Rights Issue up to Rs. 1200 lakhs

Corporate Actions View source PDF Explain this filing

SUVIDHAA · price

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Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹2.70

prior close

₹2.82

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+0.6% vs market

Financial Technology (Fintech) peers, median of 7sector+3.0%-2.3% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 2.3 pts less than its Financial Technology (Fintech) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+0.7+0.2+0.6+3.0-2.3

Next day

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15d

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UpDownMarket · Nifty Microcap 250Sector · Financial Technology (Fintech) peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Suvidhaa Infoserve board approved a Rights Issue of up to Rs. 1,200 lakhs (about Rs. 12 crore) by issuing equity shares to eligible shareholders on a rights basis. Issue price, entitlement ratio and record date are yet to be decided. Separately, the company paid fines of Rs. 11,800 each to BSE and NSE for a May 2026 delay in giving prior intimation of a board meeting, and will strengthen its compliance monitoring.

Likely market impact

Shareholders may need to invest more to maintain their stake as the company plans to raise about Rs. 12 crore via a rights issue. Dilution likely.