Suvidhaa Infoserve543281Rights issue announcement

Record date November 04, 2026 fixed for the rights issue at ₹1.50 per share

The record date for the proposed rights issue is Wednesday, November 04, 2026.

By ScoutQuest · Thu 29 Oct 2026, 9:42 PM IST · 3 min read

₹ 1.50Rights issue price per share

Face value per equity share₹ 1

Premium per rights equity share₹ 0.50

Rights issue price per share ₹ 1.50: Face value per equity share ₹ 1, Premium per rights equity share ₹ 0.50.

Record Date: Wednesday, November 04, 2026
Rights Entitlement Ratio: 3 rights shares for every 8 shares held
Issue Price: ₹1.50 per share (face value ₹1 plus premium ₹0.50)

Board approved the terms of the rights issue

The Board of Directors, at its meeting held on October 29, 2026, considered and approved the detailed terms and conditions of the proposed rights issue. This follows the in-principle approvals from BSE Limited and the National Stock Exchange of India Limited, both dated October 23, 2026.

Key terms at a glance

Record date: Wednesday, November 04, 2026, fixed for determining the equity shareholders entitled to receive the rights entitlement.
Rights entitlement ratio: 3 rights equity shares for every 8 equity shares of face value ₹1 each held on the record date.
Issue price: ₹1.50 per rights equity share, including a premium of ₹0.50 per rights equity share. The entire issue price is payable at the time of making the application.
Issue size: up to ~7.87 crore fully paid-up equity shares of face value ₹1 each, for an aggregate amount not exceeding ₹1180.17 Lakhs, assuming full subscription.

What happens to the share count

Outstanding equity shares prior to the issue: 20,98,06,690
Outstanding equity shares post the issue, assuming full subscription: 28,84,84,199

The gap between the two figures is the set of new shares proposed to be issued to eligible shareholders who apply.

Issue timetable

Issue opening date: November 13, 2026
Last date for on-market renunciation of rights entitlements: November 16, 2026
Issue closing date: November 20, 2026
The Board and/or the Rights Issue Committee may extend the closing date, provided the total issue period does not exceed 30 days from the issue opening date (inclusive).

How it works for a shareholder

Shareholders holding equity shares on the record date will be credited with Rights Entitlements (REs) in their demat accounts, prior to the issue opening date. The company has made arrangements with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for this credit.

Eligible RE holders may

Apply for the rights equity shares in full or in part, and/or
Renounce their REs in full or in part, either on-market through the secondary market platform of the stock exchanges, or off-market through an off-market transfer, within the timelines specified in the Letter of Offer.

RE holders who wish to receive allotment must apply on or before the issue closing date and pay the full application amount. REs not subscribed by the closing date will lapse, and no rights equity shares will be allotted against such lapsed entitlements.

What this may mean for shareholders

The issue gives eligible shareholders the option to buy additional shares in proportion to their existing holding, at ₹1.50 per share, with the whole amount paid upfront. Participation is optional, but because the total number of shares would rise from 20,98,06,690 to 28,84,84,199 if the issue is fully subscribed, a shareholder who does not apply or renounce would hold a smaller percentage of the company afterwards. The Board has also approved and adopted the Letter of Offer and other ancillary documents for update with the exchanges, which are to be dispatched to eligible shareholders in due course.

Also from Suvidhaa Infoserve