Description
BSE announces rights issue by Covance Softsol Limited with record date August 29, 2025 for 1:2 rights offering at Rs. 10 per share.
Summary
Covance Softsol Limited has announced a rights issue of equity shares with a record date of August 29, 2025. The company is offering 1 new equity share for every 2 existing shares held at a price of Rs. 10 per share, payable in cash at par.
Key Points
- Rights ratio: 1 new share for every 2 existing shares held
- Rights issue price: Rs. 10 per equity share (face value Rs. 10)
- Payment terms: Full amount payable on application
- Company code: 544361
- Settlement number: DR-704/2025-2026
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must execute transactions on ex-rights basis from August 29, 2025
- All equity share transactions must reflect the rights adjustment from the specified date
- Trading members are required to take note of the ex-rights trading arrangement
Important Dates
- Record Date: August 29, 2025
- Ex-Rights Date: August 29, 2025
- Settlement: DR-704/2025-2026
Impact Assessment
This rights issue will impact existing shareholders of Covance Softsol Limited who will be entitled to subscribe to additional shares. The ex-rights trading from August 29, 2025 will affect the stock’s trading price as it adjusts for the rights entitlement. Trading members need to ensure proper handling of transactions to reflect the corporate action.
Impact Justification
Standard corporate action affecting existing shareholders with clear timeline and pricing