Announced Tue, 30 Jun · 20:00 IST
Board approves Rs 12 crore rights issue, notes paid exchange fine
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———
Up moveDown movePending
AI summary
The Board approved raising up to Rs. 1200 lakhs (Rs. 12 crore) via a rights issue of equity shares to eligible equity shareholders. Separately, the Board noted that BSE and NSE each levied a fine of Rs. 11,800 for delayed prior intimation of a board meeting under Regulation 29(2)/(3) of SEBI Listing Regulations for May 2026. The company paid both fines within the prescribed timeline and called the non-compliance inadvertent, directing stronger compliance monitoring going forward.
Likely market impact
Rights issue may dilute existing shareholders; exchange fine is minor and already paid. Minimal direct impact on the stock.