Rights Issue30 Jun 2026, 08:01 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 shareholders, subject to regulatory approvals. The detailed terms, including issue price and entitlement ratio, will be disclosed later. 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 on rights basis.
- Detailed terms of the rights issue to be announced later.
- Company addressed and paid fines for regulatory non-compliance.
- Enhanced compliance monitoring mechanisms to be implemented.
Price Impact
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