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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 corrects equity share count; rights issue ₹69.65 Crore confirmed

FUNDRAISE ● No Immediate Change LOW RISK
📅 Filed on BSE: 30 Apr 2026, 09:29 PM IST  ·  BSE ID: a772c428-81b7-4c48-8faf-03fe133b17fa
View Original BSE Filing (PDF)
💡
In Simple Terms
The company corrected its equity share count in a previously announced rights issue that raises ₹69.65 Crore.
🤖 AI Summary
  • Innovassynth corrects equity share count in rights issue filing dated April 30, 2026
  • Pre-rights outstanding shares: 7,54,49,316 fully paid-up equity shares of ₹10 face value each
  • Post-rights (full subscription assumed): 9,28,60,696 fully paid-up equity shares of ₹10 face value each
  • Rights issue size ₹69.65 Crore confirmed; subscription May 8–18, 2026; record date April 29, 2026
  • Only Point No. 11 (share count) corrected; all other terms and conditions unchanged
🔢 Key Numbers — exact figures from BSE filing, not rounded
Pre-rights outstanding equity shares
7,54,49,316 fully paid-up shares of ₹10 face value
Post-rights outstanding equity shares (full subscription assumed)
9,28,60,696 fully paid-up shares of ₹10 face value
Rights issue size
₹69.65 Crore
New shares from rights issue (assumed full subscription)
1,74,11,380 shares
Subscription window
May 8–18, 2026
🏢 How This Affects the Company
💰
Financial Impact
Rights issue of ₹69.65 Crore will increase share capital by 1,74,11,380 shares (assuming full subscription), diluting existing equity.
⚠️
Risk Impact
Correction to share count reduces administrative or regulatory confusion, minimizing misreporting risk in post-issue reconciliation.
👥 What This Means For Shareholders
✅
Action Required
Eligible shareholders holding shares as of record date April 29, 2026 must decide on rights subscription during May 8–18 window.
👤
Who Is Affected
All shareholders holding equity as of April 29, 2026. Rights entitlement proportional to holdings. Post-issue, all shareholders face 23.1% equity dilution if full subscription occurs.
🔍
Management Signal
Timely correction of share count signals commitment to disclosure accuracy and compliance; proactive communication ahead of subscription window.

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

👁 Watch List — track these upcoming events
Rights subscription closure May 18, 2026 — track actual subscription uptake vs. entitlement offered.
Allotment of rights shares — watch for May 20–22, 2026 expected allotment and credit to demat.
Final post-rights capital structure filing — confirm actual equity shares issued post-subscription completion.
LOW RISK Error correction is routine and non-material. No changes to fundraise terms, timeline, or regulatory approvals. Share count clarification reduces future reconciliation risk.
💡 Investor Takeaway
Share count correction confirms post-rights equity will be 9,28,60,696 shares (23.1% dilution vs. current 7,54,49,316). ₹69.65 Crore capital raise unchanged. Subscription May 8–18, 2026.
⚖️ Strengths & Concerns

✅ Positives

  • Company proactively corrected share count error within one business day, demonstrating compliance diligence and transparency to BSE.
  • XBRL filing stated as accurate and requiring no revision, confirming electronic records align with corrected manual disclosure.

⚠️ Concerns

  • Inadvertent error in initial rights issue announcement (April 23) required correction, indicating possible internal process gap.
  • Error occurred in core capital structure disclosure (Point No. 11), impacting shareholder understanding of dilution impact.
📅 Company Track Record
Innovassynth Technologies (India) Limited (formerly Innovassynth Investments Limited) approved ₹70 Crore fundraise by rights issue on March 27, 2026. Rights Issue Committee meeting April 23, 2026 confirmed ₹69.65 Crore final size and terms. BSE Letter of Offer filed April 24, 2026. Company incorporated 2008; CIN L67120MH2008PLC178923.

Based on publicly available historical data. For context only.

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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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