Description

COVIDH TECHNOLOGIES LIMITED has fixed Record Date as 24/10/2025 for Rights Issue of 25 Equity Shares at Rs.10/- each for every 1 Equity Share held. Trading on Ex-Rights basis from 24/10/2025.

Summary

COVIDH TECHNOLOGIES LIMITED (BSE Code: 534920) has announced a Rights Issue of Equity Shares with Record Date fixed as October 24, 2025. Existing shareholders will be entitled to subscribe to 25 new Equity Shares of Rs.10/- each at par for every 1 Equity Share held. Trading in the company’s shares will be conducted on an Ex-Rights basis from October 24, 2025 (Settlement No. DR-742/2025-2026).

Key Points

  • Rights Issue ratio: 25 Equity Shares for every 1 Equity Share held
  • Face value: Rs.10/- per share
  • Issue price: At Par (Rs.10/- per share)
  • Payment: Cash
  • BSE Company Code: 534920
  • Segment: Equity - Dematerialised Securities Rolling Settlement

Regulatory Changes

No regulatory changes. This is a standard corporate action notification under existing BSE listing regulations.

Compliance Requirements

  • Trading Members must execute all transactions on Ex-Rights basis from October 24, 2025
  • Trading Members must note the Record Date and Settlement Number for proper trade processing
  • Investors who wish to be eligible for the rights issue must hold shares before the Ex-Rights date

Important Dates

  • Record Date: October 24, 2025
  • Ex-Rights Date: October 24, 2025
  • Settlement Number: DR-742/2025-2026
  • Notice Date: October 17, 2025

Impact Assessment

For Shareholders: This is a highly dilutive rights issue with a 25:1 entitlement ratio, meaning the share capital will increase by 2,500% if fully subscribed. Existing shareholders must participate to avoid significant dilution of their holdings. Shareholders must hold shares before October 24, 2025 to be eligible.

For Trading Members: Must adjust trading systems to reflect Ex-Rights trading from October 24, 2025. All buy/sell orders executed from this date will not carry rights entitlement.

Market Impact: The substantial dilution potential may cause price volatility. The Ex-Rights adjustment will result in theoretical price reduction to reflect the rights value separation from the underlying share price.

Impact Justification

Significant dilutive rights issue with 25:1 ratio requiring immediate action by existing shareholders before record date