Indian Infotech & Software has informed that Meeting of the Board of Directors of Indian Infotech and Software Rescheduled for today and held on Friday, 18th November, 2022 at Registered Office: 110, 1st Floor, Golden Chamber Pre CO-OP Soc New Link Road Andheri West Mumbai 400053, has approved the following: approved the proposal of raising of funds through issuance and allotment of equity shares having face value of Re 1 (Rupee One Only) (‘Equity Shares’) for an aggregate amount of up to Rs 48,26,82,960 (Rupees Forty Eight Crores Twenty Six Lakhs Eighty Two Thousands Nine Hundred Sixty Only) on right issue basis, on such terms of conditions as may be decided by the Board of Directors of our Company to the eligible shareholders of the Company, as on the records date (to be notified subsequently) subject to the Securities and Exchange Board of India (Issue of Capital Disclosure Requirements), Regulations, 2018, Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements), Regulations, 2015, and Companies Act, 2013 and the rules made thereunder, as amended from time to time, (‘Right Issue’).
The above information is a part of company’s filings submitted to BSE.