Innovassynth Technologies Rights Issue: ₹70 Cr in 2026

What the board approved

Innovassynth Technologies (India) Limited has approved a rights issue to raise up to ₹70 crore (₹700,000,000) by issuing equity shares to eligible shareholders. The decision was taken by the company’s board of directors at its meeting held on March 27, 2026. The equity shares proposed under the issue carry a face value of ₹10 each. The fundraising is subject to applicable regulatory and statutory approvals, as stated in the company’s disclosure.

Board meeting details and compliance filing

The board meeting commenced at 4:30 p.m. and concluded at 4:50 p.m. and included consideration of the fund-raising proposal. Following the meeting, the company formally notified BSE Limited about the outcome under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure positions the rights issue as the approved route for raising the specified amount, within the stated cap.

Rights Issue Committee set up to finalise key terms

Alongside the approval, the board constituted a dedicated Rights Issue Committee. The committee has been authorised to determine core parameters of the offering, including the final issue size within the overall ₹70 crore limit. It will also decide the rights entitlement ratio, the issue price, and the timing of the rights issue. The committee will handle documentation such as the draft letter of offer, and take decisions related to allotment of shares and other connected matters.

What remains pending: record date, price, entitlement ratio

At this stage, several investor-relevant details are yet to be announced. The record date to determine eligible shareholders is to be notified subsequently, and will depend on regulatory clearances and internal approvals. The issue price is also not disclosed in the board outcome, with the committee mandated to decide it later. Similarly, the entitlement ratio, which determines how many rights shares an investor can apply for based on existing holdings, will be finalised and communicated in due course.

Key facts from the company’s disclosure

Postal ballot: shareholders approved six resolutions

Separately, the company reported completion of its postal ballot process, stating that shareholders approved all six proposed resolutions through remote e-voting. The voting process concluded on March 19, 2026, and the resolutions were deemed passed on that date. The company’s official filing confirming the result was dated March 23, 2026. NSDL was engaged to facilitate the remote e-voting process.

Postal ballot participation numbers

The company disclosed a participation rate of 74.18% of the total outstanding shares in the voting process. Out of 75,449,316 total shares, 55,967,346 votes were polled across all resolutions. The voting period spanned from February 18, 2026, to March 19, 2026.

Other approvals mentioned in the postal ballot update

The postal ballot update also stated that four significant board appointments were approved, strengthening leadership across executive and non-executive roles. Shareholders also approved an increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013. These approvals were presented as measures that enhance the company’s financial flexibility for future operations.

Company profile noted in the report

Innovassynth Technologies (India) Limited is described as an R&D-driven, technology-based organisation involved in developing, scaling up, and manufacturing specialty chemicals and pharmaceutical intermediates. Its focus areas include custom synthesis, contract research and manufacturing of specialty chemicals, and toll manufacture of chemicals.

Documentation and sign-off

The company’s communication to BSE was signed by Sameer Pakhali, Company Secretary (ACS 55746). The disclosure was digitally authenticated on March 27, 2026. Investors will watch for subsequent updates on the record date, the final issue size within the approved ceiling, and committee decisions on pricing and entitlement ratio.