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GVP Infotech LimitedOthers, 09-07-2025: Copy of Newspaper Publication

09-07-2025 | 03:05 pm

GVP Infotech Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company is opening a rights issue of up to 2,11,72,007 partly paid-up equity shares with a paid-up value of Re. 1 each and a face value of Rs. 2 each, at Rs. 10 per share (including Rs. 8 premium), amounting to Rs. 21.17 Cr. The issue ratio is 13 equity shares for every 100 fully paid-up shares held on the record date. Payment will be in two equal installments: Rs. 5 on application and Rs. 5 on the final call, at the board’s discretion. Rights entitlements and allotments will be credited only in dematerialized form. The company has received in-principle approval from NSE for listing the shares after allotment. Investors must apply through the ASBA process. Shareholders holding shares in physical form must provide demat account details before the closing date to enable credit of rights entitlements. Rights entitlements can be renounced on-market or off-market during the renunciation period; unrenounced/unsubscribed entitlements will lapse. Buyers of rights entitlements need to subscribe by the closing date, or entitlements will lapse without any shares credited. The rights shares will be listed and traded on NSE under the existing ISIN.

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