Interactive Financial Services Limited disclosed the outcome of its Board Meeting held on October 23, 2026, regarding a proposed rights issue of equity shares.
Key Quantitative Figures
- Rights Issue Size: 58,906,105 equity shares of face value ₹10 each
- Issue Price: ₹10 per equity share
- Total Amount: ₹5,890.61 lakhs (₹58.9061 crore)
- Pre-issue outstanding shares: 693,013 equity shares
- Post-issue outstanding shares (assuming full subscription): 6,583,623 equity shares
- Rights Entitlement Ratio: 17 new shares for every 2 existing shares held
Important Dates
- Board Meeting Date: October 23, 2026 (5:30 PM to 7:30 PM)
- Record Date: October 30, 2026
- Rights Issue Opening Date: November 6, 2026
- Last Date for Renunciation: November 19, 2026
- Rights Issue Closing Date: November 26, 2026
Terms and Conditions
The Board reserves the right to extend the issue period by up to 30 days from the opening date. No withdrawal of applications will be permitted after the issue closing date.
Documents Approved
The Board approved the Letter of Offer, Abridged Letter of Offer, Application Form (CAF), Rights Entitlement Letter, and Pre-Issue Newspaper Advertisement.
Capital Structure Impact
Assuming full subscription, the equity share capital will increase from ₹0.69 crore (693,013 shares) to ₹6.58 crore (6,583,623 shares), representing significant dilution of existing shareholding.