Covidh Technologies Unveils ₹8.09 Crore Rights Issue with 25:1 Ratio
Covidh Technologies has approved a rights issue to raise ₹8.09 crore by issuing 80,85,550 new equity shares at ₹10 per share. The rights entitlement ratio is 25:1, with the issue opening on November 3, 2025, and closing on November 10, 2025. The record date is set for October 24, 2025. This action will significantly increase the company's share capital from 3,23,422 to 84,08,972 shares, assuming full subscription. Rights Entitlements will be credited to eligible shareholders' demat accounts before the issue opens.
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COVIDH has announced a significant rights issue, aiming to raise ₹8.09 crore through the issuance of new equity shares. The company's board of directors approved this corporate action in a meeting held on October 16, 2025, setting the stage for a substantial increase in its equity base.
Key Details of the Rights Issue
| Particulars | Details |
|---|---|
| Issue Size | ₹8,08,55,500 |
| Number of Shares | 80,85,550 |
| Face Value | ₹10.00 per share |
| Issue Price | ₹10.00 per share |
| Rights Entitlement Ratio | 25:1 (25 new shares for every 1 share held) |
| Record Date | October 24, 2025 |
Timeline and Process
The rights issue is scheduled to open on November 3, 2025, and close on November 10, 2025. Shareholders listed in the company's records as of the record date (October 24, 2025) will be eligible to participate in this offering.
Impact on Share Capital
Covidh Technologies' equity structure is set for a significant transformation:
| Stage | Number of Shares |
|---|---|
| Pre-Issue | 3,23,422 |
| Post-Issue (Assuming Full Subscription) | 84,08,972 |
This represents a substantial increase in the company's outstanding shares, expanding over 26 times from the current level.
Rights Entitlements
In line with regulatory requirements, Covidh Technologies has arranged for the credit of Rights Entitlements (REs) in dematerialized form to the demat accounts of eligible shareholders. These entitlements will be credited prior to the issue opening date under the ISIN: INE899M20012.
Renunciation of Rights
Shareholders who do not wish to subscribe to their entitlements have the option to renounce them. The last date for on-market renunciation is November 4, 2025, while off-market renunciation can be done until November 10, 2025.
Conclusion
This rights issue represents a significant corporate action for Covidh Technologies, potentially impacting its capital structure and providing existing shareholders with an opportunity to increase their stake in the company. Investors are advised to carefully review the terms of the issue and consult financial advisors if needed before making investment decisions.
Historical Stock Returns for COVIDH
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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