Indian Infotech & Software Ltd — Board Meeting, 13-05-2025: Board Meeting

Indian Infotech & Software Limited has announced a board meeting on which approved withdrawing its pending in-principle application for a preferential issue of warrants, deciding not to proceed with that plan. Instead, the company is considering raising up to Rs. 49 Cr through a rights issue of equity shares to existing shareholders. The board will finalize the issue price, share count, and related terms in a subsequent meeting. The Managing Director and Company Secretary are authorized to appoint the registrar and banker for the rights issue, reflecting a strategic focus on equity funding.