Description

Rights issue closing date extended from August 20, 2025 to September 2, 2025 to provide additional opportunity for eligible shareholders to apply.

Summary

Indian Infotech and Software Limited has extended the closing date of its ongoing rights issue from August 20, 2025 to September 2, 2025. The Right Issue Committee approved this extension to provide eligible equity shareholders with additional opportunity to apply for the rights issue.

Key Points

  • Rights issue originally scheduled to close on August 20, 2025
  • New closing date: September 2, 2025
  • Issue commenced on August 6, 2025
  • Extension approved by Right Issue Committee meeting held on August 18, 2025
  • No changes to terms and conditions of Letter of Offer (LOF) or Application Form
  • Revised timeline affects post-issue activities including allotment and listing dates

Regulatory Changes

No regulatory changes - only timeline extension for existing rights issue process.

Compliance Requirements

  • Addendum to LOF with revised closing date and timeline to be made available on company website, registrar website, and BSE portal
  • Information dissemination through stock exchange portal for stakeholder benefit
  • Compliance with Regulation 30 of SEBI LODR Regulations 2015

Important Dates

  • Issue Opening Date: August 6, 2025
  • Last Date for On Market Renunciation: August 8, 2025
  • Revised Issue Closing Date: September 2, 2025 (previously August 20, 2025)
  • Finalization of Basis of Allotment: September 3, 2025
  • Date of Allotment: September 3, 2025
  • Listing Application to SE: September 3, 2025
  • In-principle Approval from SE: September 4, 2025
  • Credit of Rights Equity Shares: September 4, 2025

Impact Assessment

The extension provides shareholders with additional time to evaluate and participate in the rights issue, potentially improving subscription rates. The revised timeline shifts all post-issue activities by approximately two weeks, affecting allotment and listing schedules. This may impact trading commencement and capital raising timeline for the company.

Impact Justification

Extension provides shareholders additional time to participate in rights issue, affecting subscription timeline and allotment schedule