Description
BSE announces record date of 29/08/2025 for COVANCE SOFTSOL LIMITED's rights issue offering 1 equity share for every 2 shares held at Rs. 10 per share.
Summary
BSE has notified that COVANCE SOFTSOL LIMITED (Code: 544361) has fixed the record date for its rights issue of equity shares. The company will issue 1 equity share of Rs. 10/- each for every 2 equity shares held by existing shareholders.
Key Points
- Rights ratio: 1 equity share for every 2 shares held
- Rights issue price: Rs. 10/- per share (at par)
- Payment required on application
- Ex-rights trading begins from record date
- Settlement number: DR-704/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must ensure transactions are done on ex-rights basis from the specified date
- All equity share transactions must reflect the rights adjustment from 29/08/2025
- Trading members are required to take note of the rights issue terms
Important Dates
- Record Date: 29/08/2025
- Ex-Rights Date: 29/08/2025
- Settlement Number: DR-704/2025-2026
Impact Assessment
This rights issue will dilute existing shareholdings while providing shareholders the opportunity to maintain their proportional ownership. The ex-rights adjustment will affect the stock’s trading price and volume. Shareholders who do not participate will see their ownership percentage reduced.
Impact Justification
Rights issue affects existing shareholders' holdings and trading dynamics for COVANCE SOFTSOL LIMITED