Indian Infotech & Software Ltd — Updates, 13-05-2025: Company Update

Indian Infotech & Software Limited has announced a board meeting and decided to withdraw its pending in-principle application for a preferential issue of warrants, cancelling the plan altogether. The board is now considering raising up to ₹49 Cr through a rights issue of equity shares to existing shareholders. Final details like issue price, ratio, and number of shares will be decided and disclosed later. The Managing Director and Company Secretary have been authorized to appoint a registrar and banker for the proposed rights issue. This move aims to strengthen the company’s capital base transparently via existing shareholders.