Interactive Financial Services Limited has scheduled a board meeting for Friday, October 23, 2026, to determine key parameters of its proposed rights issue. The company aims to finalize the issue price, entitlement ratio, and total size of the equity offering.

This development follows the receipt of in-principle approval from BSE on October 16, 2026. The move comes after earlier board approvals in September 2026 for the issuance of equity shares and the draft letter of offer.

Board agenda focuses on finalizing offer details

The primary objective of the upcoming meeting is to approve specific commercial terms of the rights issue. The board will consider the determination of the rights issue price and the rights entitlement ratio for eligible shareholders. Additionally, the directors will decide on the total number of securities to be issued and the overall issue size.

The company also plans to fix the period and timing of the issue. These decisions are critical for moving forward with the capital raise under SEBI regulations.

Regulatory compliance and documentation

In addition to pricing and sizing, the board will approve the Letter of Offer and the Corporate Action Form (CAF) application. Ancillary documents related to the rights issue will also be reviewed and approved during the session.

A key procedural step involves the finalization of the record date. This date will be set in accordance with Regulation 68 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key meeting details

Interactive Financial Services Limited held its 32nd Annual General Meeting on September 29, 2026, via video conferencing. The meeting focused on adopting financial statements for the year ended March 31, 2026, and approving revisions to director remuneration.

The proceedings commenced at 3:30 pm and concluded at 3:47 pm. Mr. Pradip Sandhir, Managing Director and Chairman, briefed members on the company's overall performance and financials. Ms. Jaini Jain, Company Secretary, confirmed the requisite quorum and facilitated the voting process through remote e-voting and live polling during the session.

Key resolutions passed

Shareholders voted on four primary agenda items, including the adoption of audited financial statements and the re-appointment of directors. The resolutions required both ordinary and special majority approvals as mandated by corporate governance norms.

Governance and attendance

The meeting was conducted in compliance with Ministry of Corporate Affairs and SEBI circulars regarding virtual meetings. Statutory auditors M/s. B. T. Vora & Co. attended the session, confirming no qualifications or adverse remarks in their report on the company's functioning.

Key personnel present included:

• Mr. Pradip Sandhir: Chairman, Managing Director, and CFO
• Mr. Mayur Parikh: Executive Director
• Ms. Ritu Sanghvi: Non-Executive Independent Director
• Mr. Raghav Jobanputra: Non-Executive Independent Director
• Mr. Monil Shah: Non-Executive Independent Director
• Ms. Jaini Jain: Company Secretary and Compliance Officer

Ms. Insiya Nalawala served as the Secretarial Auditor and Scrutinizer for the e-voting process. The results of the voting are to be announced upon receipt of her report and will be made available on the company website and stock exchanges.