Announced Tue, 30 Jun · 19:51 IST
Board approves Rights Issue up to Rs. 1200 lakhs
Corporate Actions View source PDF
SUVIDHAA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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 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.