Innovassynth Technologies (India) Limited has announced that its board meeting is scheduled to be held on Friday, May 29, 2026. The meeting will be convened pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agenda for the Meeting

The primary agenda for the upcoming board meeting is to approve and take on record the audited financial results and financial statements of the company. These results pertain to the quarter and year ending March 31, 2026.

Meeting Details

The intimation was addressed to the Manager of the Corporate Relationship Department at BSE Limited. The communication was digitally signed by Sameer Salim Pakhali, the Company Secretary & Compliance Officer.

[Innovassynth Technologies (India) Ltd](innovassynth technologies) has successfully completed the allotment of equity shares pursuant to its rights issue. The Rights Issue Committee approved the allotment of 1,74,11,380 fully paid-up equity shares to eligible shareholders and renouncees. The shares were issued at a price of ₹40 per share, which includes a face value of ₹10 and a premium of ₹30, aggregating to a total of ₹69,64,55,200.

Rights Issue Subscription Details

The rights issue opened on May 8, 2026, and closed on May 18, 2026. It was offered to eligible equity shareholders in the ratio of 3 rights equity shares for every 13 fully paid-up equity shares held as on the record date of April 29, 2026. The issue witnessed strong subscription, being subscribed to 154.59% of the issue size. The company received applications amounting to ₹108,15,55,040 against the issue size of ₹69,64,55,200.

Promoter Acquisition Details

In compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the company disclosed the acquisition of shares by the promoter group. The promoters, along with Persons Acting in Concert (PAC), were allotted 1,40,69,636 equity shares pursuant to the rights issue. Following this allotment, the total promoter and PAC group holding increased to 6,96,78,624 shares, representing 75.04% of the total post-issue paid-up share capital.

The individual acquisitions include Akshay Rajan Raheja and Viren Rajan Raheja, who each acquired 48,45,873 shares, increasing their individual holdings to 25.42% each. Rajan B Raheja acquired 3,98,800 shares, while Suman R Raheja acquired 9,69,175 shares. Corporate entities within the promoter group, including R Raheja Investments Private Limited, Globus Stores Private Limited, Bloomingdale Investments Private Limited, and Matsyagandha Investments Private Limited, also participated in the allotment.

Capital Structure Post-Allotment

Following the finalization of the basis of allotment in consultation with the Registrar to the Issue and BSE Limited, the issued, subscribed, and paid-up equity share capital of the company has increased. The details of the pre and post-issue paid-up share capital are outlined below:

The allotment was approved during a meeting of the Rights Issue Committee held on May 19, 2026. The issued shares rank pari passu with the existing equity shares of the company.