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Adroit Infotech Limited ( (IN:ADROITINFO) ) has issued an update.
Adroit Infotech Limited’s board has approved a rights issue of equity shares, offering shareholders two new shares for every three held at an issue price of Rs 15 per share. The move is aimed at raising additional equity capital while providing existing investors a pro-rata opportunity to maintain or increase their stake at a set price.
Separately, the Rights Issue Committee reviewed unpaid call money from the February 2024 rights issue and will give defaulting holders of partly paid shares a final window from April 10 to April 30, 2026, to clear outstanding amounts with 9% annual interest. If these shareholders fail to pay within the specified period, the company plans to forfeit the partly paid-up shares, tightening its capital structure and potentially improving overall share quality by resolving lingering arrears.
More about Adroit Infotech Limited
Adroit Infotech Limited operates in the information technology services sector, focusing on software solutions and related support for its clients. The company is listed on both BSE and NSE in India, giving it access to a broad base of public shareholders whose participation in capital-raising initiatives is important for its funding and growth plans.
Average Trading Volume: 20,497
Technical Sentiment Signal: Strong Sell
Current Market Cap: 464.8M INR
For a thorough assessment of ADROITINFO stock, go to TipRanks’ Stock Analysis page.