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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Innovassynth Technologies (India) Ltd

Innovassynth Technologies sets April 29 record date for Rs. 69.65 Crore rights issue

BOARD ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 23 Apr 2026, 06:48 PM IST  ·  BSE ID: ae8ca480-7a10-4e52-897d-1b9ac753ca25
View Original BSE Filing (PDF)
💡
In Simple Terms
The company set a specific date to identify who can buy new shares in its fundraising, at Rs. 40 per share, with a 3-for-13 ratio for existing shareholders.
🤖 AI Summary
  • Right Issue Committee fixed April 29, 2026 as record date for share issuance
  • 1,74,11,380 fully paid-up equity shares at Rs. 40 each, aggregating Rs. 69,64,55,200
  • Rights entitlement ratio: 3 shares for every 13 existing equity shares held
  • Full payment of Rs. 40 per share required on application; ISIN INE690J20011 assigned
  • Follows board approval dated March 27, 2026 for up to Rs. 70,00,00,000 rights issue
🔢 Key Numbers — exact figures from BSE filing, not rounded
Rights issue size (number of shares)
1,74,11,380 fully paid-up equity shares
Aggregate capital raise
Rs. 69,64,55,200
Rights issue price per share
Rs. 40 (face value Rs. 10, premium Rs. 30)
Rights entitlement ratio
3 shares for every 13 existing shares
Record date
Wednesday, April 29, 2026
Board approval date
March 27, 2026
Approved ceiling for rights issue
Rs. 70,00,00,000
🏢 How This Affects the Company
📈
Business Impact
Rights issue of Rs. 69,64,55,200 will inject capital into the company. Existing shareholders retain proportional ownership via 3-for-13 entitlement, maintaining dilution control.
💰
Financial Impact
Gross proceeds of Rs. 69,64,55,200 will strengthen balance sheet and cash position. Capital inflow recorded at Rs. 40 per share (face value Rs. 10 plus Rs. 30 premium).
👥 What This Means For Shareholders
✅
Action Required
Eligible shareholders holding equity shares as of April 29, 2026 record date must review subscription details in rights letter and complete application by specified closing date.
👤
Who Is Affected
All existing equity shareholders on record date April 29, 2026. Each shareholder receives 3 rights entitlements per 13 equity shares held, fractional entitlements rounded down per SEBI circular dated February 9, 2026.
🔍
Management Signal
Company exercising approved capital raise authority to strengthen financial position. Proportional entitlement structure indicates intent to avoid excess shareholder dilution.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Rights letter issuance confirming eligibility and subscription application deadlines
Subscription closure date and allotment announcement within 30 days of record date
Final listing of allotted rights shares on BSE with crediting to demat accounts
MEDIUM RISK Subscription completion not guaranteed at 100%; shortfall reduces actual capital inflow below Rs. 69,64,55,200 estimate. Market conditions and shareholder participation determine final outcome.
💡 Investor Takeaway
Innovassynth Technologies' Rights Issue Committee set April 29, 2026 record date for issuance of 1,74,11,380 shares at Rs. 40 each, aggregating Rs. 69,64,55,200. Eligible shareholders entitled 3 shares for every 13 held. Subscription confirmation pending.
⚖️ Strengths & Concerns

✅ Positives

  • Record date formally fixed, eliminating execution uncertainty for eligible shareholders on April 29, 2026
  • Entitlement ratio 3:13 provides defined clarity on shareholder subscription rights and ownership preservation

⚠️ Concerns

  • Subscription contingent on shareholder participation; full Rs. 69,64,55,200 not guaranteed if take-up below 100%
  • Capital raise of Rs. 69,64,55,200 falls short of approved ceiling of Rs. 70,00,00,000, indicating partial utilization
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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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