Indian Infotech & Software Ltd — Board Meeting, 22-07-2025: Board Meeting

Indian Infotech and Software's board has approved the terms for its Rights Issue, aiming to raise approximately ₹ 46.46 Cr. The company will issue around 42.23 crore fully paid-up equity shares at ₹ 1.10 each, comprising a face value of ₹ 1.00 and a premium of ₹ 0.10. Eligible shareholders will receive one new equity share for every three shares held, with the full issue price payable on application. This capital raise will dilute existing shareholders but strengthens the company's financial position, potentially fueling future growth.