29-Oct-2026 21:40:22
SUVIDHAA : APPROVES RIGHTS ISSUE WORTH OVER RS 11.8 CR
• Board approved issue of up to ~7.87 Cr fully paid equity shares of face value ₹1 each for an aggregate amount not exceeding ₹11.80 Cr • Rights issue price ₹1.50 per share, including premium of ₹0.50 per share; entire issue price payable at application • Entitlement of 3 rights equity shares for every 8 equity shares held; record date November 04, 2026 • Issue opens November 13, 2026, on-market renunciation last date November 16, 2026, issue closes November 20, 2026 • Outstanding shares to increase from ~20.98 Cr to ~28.85 Cr assuming full subscription; REs credited under ISIN INE018420013 • BSE and NSE in-principle approvals received on October 23, 2026 Impact: Neutral (small ₹11.8 Cr raise at ₹1.50/share with ~37% share count expansion, but no new debt)
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