GVP Infotech Allots 2.11 Crore Partly Paid-up Equity Shares via Rights Issue
The completion of a rights issue is a significant financial event for a company, as it directly impacts its capital structure and provides funds for future operations or growth, hence a medium impact.
The successful allotment of shares under the rights issue indicates a positive outcome for the company's fundraising efforts, increasing its paid-up capital.
GVP Infotech Limited's Rights Issue Committee of Directors, in a meeting held on Wednesday, 30th July, 2025, approved the allotment of shares in connection with the company's Rights Issue: * Allotment of 2,11,72,007 (Two Crores Eleven Lakhs Seventy Two Thousand and Seven) Partly Paid-up Equity Shares with a paid-up value of Re. 1.00/- each and face value of Rs. 2.00/- each. * The shares were allotted on a Rights basis in the ratio of 13 : 100 (13 Rights Equity Shares for every 100 Fully Paid-up Equity Shares held) to eligible shareholders as of the Record Date, 30th June, 2025. * The issue price was Rs. 10.00/- per equity share, which includes a share premium of Rs. 8.00/- per equity share. * Out of the issue price, Rs. 5.00/- per rights equity share (including a share premium of Rs. 4.00/- per rights equity share) was paid on application. The balance amount will be payable on the 1st and Final call as determined by the Board or Committee. * Consequent to this allotment, the company's Paid-up Equity Share Capital is now: * Existing Fully Paid-up Equity Shares (face value Rs. 2.00/- each): 16,28,61,590 shares, amounting to ₹32,57,23,180. * Allotted Partly Paid-up Equity Shares (paid-up value Re. 1.00/- each): 2,11,72,007 shares, amounting to ₹2,11,72,007. * The committee also approved the extinguishment of lapsed rights entitlements and deactivation of the ISIN of rights entitlements.
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GVP Infotech Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by GVP Infotech Limited. Read the original for the full detail.