Scrip Symbol

SUVIDHAA (NSE)

Background and Context

This disclosure is in furtherance to the company's communication dated June 30, 2026, where the Board had initially approved the draft Letter of Offer for the proposed Rights Issue. The current approval follows receipt of in-principle approvals from both BSE Limited and National Stock Exchange of India Limited on October 23, 2026.

Key Quantitative Figures

  • Issue Size: Up to 7,86,77,509 fully paid-up equity shares
  • Maximum Aggregate Amount: ₹11.80 crore (₹1180.17 lakhs) assuming full subscription
  • Rights Issue Price: ₹1.50 per share (including a premium of ₹0.50 per share)
  • Outstanding Shares Pre-Issue: 20,98,06,690 equity shares
  • Outstanding Shares Post-Issue: 28,84,84,199 equity shares (assuming full subscription)
  • ISIN for Rights Entitlement: INE018420013

Dates and Timeline

  • Record Date: Wednesday, November 4, 2026 (for determining eligible shareholders)
  • Issue Opening Date: November 13, 2026
  • Last Date for Renunciation: November 16, 2026
  • Issue Closing Date: November 20, 2026*

*The Board and/or the Rights Issue Committee reserves the right to extend the Issue Closing Date, provided the total Issue Period does not exceed 30 days from the Issue Opening Date (inclusive).

Terms and Conditions

  • Security Type: Fully paid-up Equity Shares of face value ₹1 each
  • Rights Entitlement Ratio: 3 Right Equity Shares for every 8 Equity Shares held on the Record Date
  • Payment Terms: Entire Rights Issue price payable at the time of application
  • Fractional Entitlement: To be handled as specified in the Letter of Offer

Process and Mechanics

Eligible equity shareholders as on the Record Date will be credited with Rights Entitlements (REs) in their demat accounts under ISIN: INE018420013 prior to the Issue Opening Date. The company has made arrangements with NSDL and CDSL for credit of REs.

Eligible RE holders may:

  • Apply for Rights Equity Shares in full or in part
  • Renounce their REs through:
  • On-Market Renunciation: via secondary market platform of stock exchanges
  • Off-Market Renunciation: through off-market transfer

REs not subscribed to by the Issue Closing Date shall lapse, and no Rights Equity Shares will be allotted against such lapsed entitlements.

Board Meeting Details

The meeting of the Board commenced at 9:00 PM (IST) and concluded at 9:20 PM (IST) on October 29, 2026.

Next Steps

The Board has approved and adopted the Letter of Offer and other ancillary documents for filing with BSE and NSE. These documents will subsequently be dispatched to eligible equity shareholders in due course.