Description
Indian Infotech and Software Limited extends its rights issue closing date from August 20, 2025 to September 2, 2025 to provide additional opportunity for eligible shareholders.
Summary
Indian Infotech and Software Limited (Scrip Code: 509051) 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 on August 18, 2025 to provide eligible equity shareholders with additional time to apply.
Key Points
- Rights issue originally scheduled to close on August 20, 2025
- New closing date: September 2, 2025
- Issue opened on August 6, 2025
- No changes to terms and conditions of Letter of Offer (LOF) or Application Form
- Only the closing date and post-issue timeline have been revised
- Addendum with revised timeline will be published on company and exchange websites
Regulatory Changes
No regulatory changes - this is an administrative extension of existing rights issue timeline.
Compliance Requirements
- Company must publish addendum to LOF with revised closing date
- Revised timeline to be made available on company website (www.indianinfotechandsoftwareltd.in)
- Information to be disseminated on registrar website (www.purvashare.com) and BSE website
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
- Revised issue closing date: September 2, 2025
- Finalization of basis of allotment: September 3, 2025 (on or about)
- Date of allotment: September 3, 2025 (on or about)
- Listing application to SE: September 3, 2025 (on or about)
- In-principle approval from SE: September 4, 2025 (on or about)
- Credit of rights equity shares: September 4, 2025 (on or about)
Impact Assessment
The extension provides eligible shareholders with additional time to participate in the rights issue, potentially improving subscription rates. This is a routine administrative measure that maintains all existing terms while extending the application window. The impact on trading and market operations is minimal as it only affects the timeline without changing the fundamental structure of the rights offering.
Impact Justification
Extension provides additional opportunity for shareholders but does not change fundamental terms of the rights issue