Description

Extension of rights issue closing date from August 13 to August 20, 2025 to provide additional opportunity for eligible shareholders to apply.

Summary

Indian Infotech and Software Limited (Scrip Code: 509051) has extended the closing date of its ongoing rights issue from August 13, 2025 to August 20, 2025. The Right Issue Committee approved this extension on August 12, 2025 to provide eligible equity shareholders with additional time to apply for the rights issue.

Key Points

  • Rights issue opened on August 6, 2025
  • Original closing date: August 13, 2025
  • Extended closing date: August 20, 2025
  • No changes to terms and conditions of Letter of Offer (LOF) or Abridged Letter of Offer (ALOF)
  • Only the closing date and post-issue activity timeline have been revised
  • Committee meeting held from 5:00 PM to 5:30 PM on August 12, 2025

Regulatory Changes

No regulatory changes. This is purely an administrative extension of the subscription period for the existing rights issue.

Compliance Requirements

  • Addendum to LOF with revised timeline to be published on company website, registrar website, and BSE portal
  • Information dissemination through BSE portal for stakeholder benefit
  • Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Important Dates

  • Last date for credit of rights entitlements: July 29, 2025
  • Issue opening date: August 6, 2025
  • Last date for on-market renunciation: August 8, 2025
  • Extended issue closing date: August 20, 2025
  • Finalization of basis of allotment: August 21, 2025 (on or about)
  • Date of allotment: August 21, 2025 (on or about)
  • Listing application to stock exchange: August 21, 2025 (on or about)
  • In-principle approval from stock exchange: August 22, 2025 (on or about)
  • Credit of rights equity shares: August 22, 2025 (on or about)

Impact Assessment

The extension provides eligible shareholders with an additional week to make subscription decisions for the rights issue. This administrative change maintains market access and subscription opportunities without altering the fundamental terms of the offering. The impact is primarily procedural, affecting timeline management for investors, registrars, and the company’s post-issue activities.

Impact Justification

Rights issue extension affects existing shareholders' subscription timeline but maintains same terms and conditions