Suvidhaa Infoserve to Raise ₹1200 Lakhs via Rights Issue

Suvidhaa Infoserve Limited announced its Board of Directors has approved raising up to ₹1200 Lakhs through a rights issue of equity shares. The company also addressed a fine levied by BSE and NSE for non-compliance with listing regulations, stating it was inadvertent and the fine of ₹11,800 has been paid. The Board has resolved to strengthen compliance monitoring mechanisms, including maintaining exchange holiday calendars and implementing a maker-checker process for filings. Detailed terms of the rights issue will be disclosed later.