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Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
The company set April 29 as the date to count shareholders eligible for new discounted shares. Existing shareholders get 3 new shares for every 13 they own.
🤖 AI Summary
Record Date fixed at April 29, 2026 for rights issue eligibility determination
Rights entitlement: 3 new shares per 13 existing shares held on record date
1,74,11,380 fully paid equity shares at Rs. 40 each (face value Rs. 10, premium Rs. 30)
Aggregate rights issue size Rs. 69,64,55,200; approved fund-raise Rs. 70,00,00,000
Full payment required on application; ISIN INE690J20011
🔢 Key Numbers — exact figures from BSE filing, not rounded
Rights Issue Size (Shares)
1,74,11,380 fully paid-up equity shares
Rights Issue Price
Rs. 40 per share (face value Rs. 10, premium Rs. 30)
Total Rights Issue Amount
Rs. 69,64,55,200
Approved Fund-Raise
Rs. 70,00,00,000
Rights Entitlement Ratio
3 shares per 13 existing shares
Record Date
April 29, 2026
ISIN for Rights
INE690J20011
🏢 How This Affects the Company
💰
Financial Impact
Rights issue will inject Rs. 69,64,55,200 in cash, subject to full subscription. This strengthens the balance sheet and funds planned expansion or debt reduction as per board directive.
⚠️
Risk Impact
Shareholder dilution occurs if issue is fully subscribed. Share count increases from existing base to 1,74,11,380 new shares. Existing shareholders must apply to avoid dilution of stake percentage.
👥 What This Means For Shareholders
✅
Action Required
Existing shareholders must ensure shares are held in demat form on April 29, 2026 record date and submit applications for rights entitlement within the specified subscription window.
👤
Who Is Affected
All equity shareholders on record date (April 29, 2026) receive 3 rights shares per 13 held. Non-application results in stake dilution. Fractional entitlements are rounded down per SEBI rules.
🔍
Management Signal
Board approval of Rs. 70,00,00,000 fund-raise and fixed record date confirm commitment to capital expansion via equity. Rights route respects existing shareholder priority.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
April 29, 2026: Verify record date closure and eligible shareholder list publication
Subscription window closure: Track application deadline and subscription level achieved vs. 1,74,11,380 cap
Allotment announcement: Check for Reg 30 disclosure of actual allotted shares and refund details
MEDIUM RISKShareholder dilution certain if issue fully subscribed. Success depends on subscription uptake rate. Non-subscription by existing holders increases stake dilution.
💡 Investor Takeaway
Innovassynth has locked Record Date April 29, 2026 for 1,74,11,380 share rights issue at Rs. 40 per share (Rs. 69,64,55,200 total). Shareholders must apply by record date to maintain stake percentage. Issue proceeds support approved Rs. 70,00,00,000 fund-raise.
⚖️ Strengths & Concerns
✅ Positives
Rights issue provides Rs. 69,64,55,200 in direct equity capital with no debt burden or interest obligations
Record date fixed at April 29, 2026 provides clear timeline for eligible shareholders to confirm holdings
⚠️ Concerns
Existing shareholders face dilution unless they apply for full 3:13 entitlement; non-subscription reduces ownership
Issue size Rs. 69,64,55,200 is Rs. 35,44,800 short of approved Rs. 70,00,00,000 cap if fully subscribed
All BSE filings we have analysed for Innovassynth Technologies (India) Ltd.
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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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