Innovassynth Technologies launches a ₹69.65 crore rights issue of 1.74 crore shares at ₹40 each, offering 3 shares for every 13 held.
Proceeds will prepay a ₹44 crore ICICI Bank term loan, augment working capital by ₹8.5 crore, and fund general corporate purposes.
Promoters have committed to fully subscribe to their entitlement and any unsubscribed portion, ensuring the issue's success.
The issue opens on May 8, 2026, with record date April 29, 2026, and is managed by MUFG Intime India as registrar.