Rights Issue30 Jun 2026, 08:00 pm
Suvidhaa Infoserve Approves Rights Issue Up to ₹1200 Lakhs
AI Summary
Suvidhaa Infoserve Limited announced that its Board of Directors has approved a Rights Issue to raise funds up to ₹1200 Lakhs. The issuance of equity shares will be on a rights basis to eligible equity shareholders, subject to regulatory approvals. The detailed terms, including issue price and entitlement ratio, will be disclosed in due course. The board also noted and addressed a fine imposed by BSE and NSE for non-compliance with listing regulations, stating it was inadvertent and the fine has been paid. Measures to strengthen compliance monitoring were advised.
Key Highlights
- Board approved rights issue to raise up to ₹1200 Lakhs.
- Funds to be raised via issuance of equity shares to existing shareholders.
- Detailed terms of the rights issue to be announced later.
- Company addressed and paid fines for past regulatory non-compliance.
- Enhanced compliance monitoring mechanisms to be implemented.
Price Impact
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