Rights Issue Overview

Suvidhaa Infoserve Limited is conducting a rights issue of equity shares totaling ₹11.80 crore, offering 78,677,509 equity shares at ₹1.50 per share (including premium of ₹0.50 per share) in a 3:8 ratio to eligible shareholders as of the record date of November 4, 2026.

Key Quantitative Figures

  • Total Issue Size: 78,677,509 Equity Shares
  • Face Value: ₹1 per share
  • Issue Price: ₹1.50 per share
  • Total Proceeds: ₹11.80 crore
  • Net Proceeds: ₹11.30 crore (after estimated issue expenses of ₹50 lakh)
  • Rights Entitlement Ratio: 3 Equity Shares for every 8 Equity Shares held

Issue Schedule & Process

The issue opens on November 13, 2026 and closes on November 20, 2026, with applications processed exclusively through the ASBA (Applications Supported by Blocked Amount) system via 56 approved Self Certified Syndicate Banks. Allotment will be made only in dematerialized form, with finalization scheduled for November 23, 2026 and listing expected on November 25, 2026.

Objects of the Issue

Net proceeds of ₹11.30 crore will be utilized for:

  • Augment working capital requirements: ₹9.00 crore
  • General corporate purposes: ₹2.30 crore (not exceeding 25% of gross proceeds)

Financial Information (Consolidated Audited, FY 2026)

  • Total Revenue from operations: ₹419.90 lakh
  • EBITDA: (₹923.60) lakh
  • Net Loss: (₹1,010.07) lakh
  • Basic EPS: (₹0.48)
  • Net Worth: ₹2,802.50 lakh
  • Net Asset Value per Share: ₹1.28

Risk Factors & Litigation Status

The company has identified 49 risk factors including negative cash flows from operations (₹413.95 lakh in FY2026), cash losses (₹923.60 lakh), disputed statutory dues of ₹5,152.38 lakh, and contingent liabilities of ₹4,173.25 lakh. Litigation includes direct tax matters (₹699.06 lakh), indirect tax matters (₹2,888.11 lakh), and various criminal/civil matters totaling approximately ₹1,950 lakh.

Regulatory Compliance & Confirmations

The company confirms neither it nor its promoters/directors are wilful defaulters or fraudulent borrowers, with no pending SEBI show-cause notices. The company maintains compliance with minimum public shareholding requirements and equity shares have not been suspended from trading in the last 3 years.

Application Requirements & Procedures

Applications require complete PAN details, updated demographic information, and correct depository account details. Signatures must match specimens recorded with SCSB and Depository. Withdrawals are permitted only during the issue period, and unsubscribed rights entitlements will lapse after the closing date. The issue is not being made in restricted jurisdictions including the United States.

Key Intermediaries

  • Registrar to Issue: MUFG Intime India Private Limited
  • Banker to Issue: ICICI Bank Limited
  • Monitoring Agency: Brickwork Ratings India Private Limited
  • Statutory Auditor: Jain Kedia and Sharma, Chartered Accountants