Suvidhaa Infoserve Limited approved raising funds up to Rs. 1200 Lakhs through a rights issue of equity shares to eligible shareholders. The board, meeting on June 30, 2026, authorized the issuance of securities for an aggregate amount not exceeding Rs. 1200 Lakhs, subject to regulatory approvals under the SEBI ICDR Regulations and the Companies Act, 2013. Specific terms, including the issue price, rights entitlement ratio, and record date, will be determined and disclosed later.

The board reviewed a notice from BSE Limited and National Stock Exchange of India Limited regarding a fine for non-compliance under Regulation 29(2)/29(3) of the Listing Regulations for the month ended May 30, 2026. The company deemed the non-compliance inadvertent and paid the total fine amount of ₹11,800 to both exchanges. The penalty comprised a basic fine of ₹10,000 plus GST of ₹1,800.

To prevent future lapses, the board advised strengthening the compliance monitoring mechanism. This includes maintaining comprehensive exchange holiday calendars and implementing a maker-checker process for all stock exchange filings. Internal cut-off timelines for preparation, review, and submission prior to regulatory due dates will be prescribed.

Rights Issue Details

Meeting and Compliance Summary

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE018401013/bf724b1bd37d4161.pdf

Suvidhaa Infoserve Ltd disclosed the acquisition of 16,991 equity shares by promoter Ms. Sonal Rajde through transmission following the demise of Mr. Paresh Rajde. The transaction, executed on June 16, 2026, falls under the exemption provided by Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the transfer occurred amongst promoters. Consequently, the aggregate shareholding of the promoter group remains unchanged at 8,04,19,702 equity shares, representing 38.33% of the total share capital.

The filing submitted to BSE Limited and the National Stock Exchange of India Limited confirms that Sonal Rajde is now the sole owner of the 16,991 equity shares previously held by Paresh Rajde. Her individual shareholding increased to 8,04,19,702 shares, or 38.33% of the diluted share capital, up from 8,04,02,711 shares, or 38.32%, prior to the transaction. The disclosure further stated that there is no direct or indirect encumbrance on the equity shares held by the promoter group.

Shareholding Details

The transmission of shares alters the individual promoter holding structure while the total promoter group stake remains constant. The table below details the specific shares transmitted and the resulting shareholding percentages.

Regulatory Compliance

The disclosure was submitted to the exchanges to comply with Regulation 10(6) of the SEBI SAST Regulations for acquisitions made in reliance upon exemptions. The company clarified that the transmission amongst promoters did not trigger an open offer. The promoter group composition includes 17 entities and individuals, ranging from family members to associated companies such as Turbo Infotech Limited and Turbo Technologies Private Limited.