The Rights Issue Committee Meeting of the Board of Directors of the Company is further postponed and is scheduled to be held on October 23, 2025.
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions has postponed its Rights Issue Committee meeting once again. Originally set for October 16, 2025, it was first shifted to October 18, then October 21, and is now rescheduled to October 23, 2025. The committee is supposed to finalise key details such as the issue price, issue size, entitlement ratio, and record date for the rights issue approved by the board on October 10, 2025. The delay is because the company is still awaiting in-principle approval from BSE for the proposed rights issue. This is the fourth communication regarding this meeting since mid-October.
The repeated postponements suggest administrative delays rather than a change in the rights issue plan itself, but shareholders are still waiting for clarity on issue terms and the record date. Until the meeting takes place, uncertainty around the rights issue continues, which may keep the stock subdued in the short term.