Innovassynth Technologies (India) Limited's board has approved a rights issue to raise up to ₹70 crores through equity shares with face value of ₹10 each. The board constituted a Rights Issue Committee to determine key terms including issue size, entitlement ratio, pricing, and timing, with the record date to be announced later subject to regulatory approvals.

Innovassynth Technologies Board Approves ₹70 Crore Rights Issue

Innovassynth Technologies (India) Limited's board of directors has approved a rights issue proposal to raise funds up to ₹70 crores through equity shares. The board meeting held on March 27, 2026, concluded with the approval of issuing equity shares of face value ₹10 each to eligible shareholders.

Board Meeting Outcome

The board meeting, which commenced at 4:30 p.m. and concluded at 4:50 p.m., addressed the fund-raising proposal and approved the rights issue for an aggregate amount not exceeding ₹70 crores, subject to receiving applicable regulatory and statutory approvals. The company formally notified BSE Limited about the board meeting outcome pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rights Issue Details: Specifications Maximum Amount: ₹70,00,00,000 (Seventy Crores) Share Face Value: ₹10 per equity share Issue Type: Rights Issue to eligible shareholders Record Date: To be notified subsequently Meeting Duration: 4:30 p.m. to 4:50 p.m.

Rights Issue Committee Formation

The board constituted a dedicated Rights Issue Committee with authorization to determine crucial aspects of the offering. The committee will decide on terms and conditions including the final issue size, rights entitlement ratio, issue price, record date, timing of the rights issue, approval of draft letter of offer, allotment of shares and other related matters.

Committee Responsibilities: Details Issue Size: Final amount within ₹70 crore limit Entitlement Ratio: Rights shares per existing share Pricing: Issue price determination Documentation: Draft letter of offer approval Allotment: Share allotment and related matters

Regulatory Compliance and Documentation

The company's communication to BSE was signed by Sameer Pakhali, Company Secretary (ACS 55746), and digitally authenticated on March 27, 2026. The filing included detailed annexure as required under Regulation 30 of the Listing Regulations read with SEBI circular SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Regulatory Details: Information Security Type: Equity Shares Issuance Type: Rights Issue BSE Scrip Code: 533315 Company Secretary: Sameer Pakhali (ACS 55746) Authentication Date: March 27, 2026

Company Information

Innovassynth Technologies (India) Limited operates from its registered office at Old Mumbai–Pune Road, Khopoli – 410 203, and corporate office at TCG International Biotech Park, 2nd Floor, Genesis Square, Hinjewadi Phase – II, Pune – 411 057. The company trades on BSE under scrip code 533315 with CIN: L67120MH2008PLC178923. The rights issue represents a significant capital mobilization initiative for the company's growth plans.

Innovassynth Technologies (India) Limited has announced the successful completion of its postal ballot process, with shareholders approving all six proposed resolutions through remote e-voting. The voting process concluded on March 19, 2026, demonstrating strong shareholder confidence in the company's strategic direction.

Comprehensive Voting Results

The postal ballot witnessed significant shareholder participation, with 74.18% of the total outstanding shares participating in the voting process. Out of 75,449,316 total shares, 55,967,346 votes were polled across all resolutions.

Voting Summary: Details Total Shareholders (Record Date): 27,424 Record Date: February 13, 2026 Total Outstanding Shares: 75,449,316 Total Votes Polled: 55,967,346 Voting Participation: 74.18%

Board Appointments and Leadership Changes

Four significant board appointments were approved through the postal ballot process, strengthening the company's leadership structure across executive and non-executive roles.

Ordinary Resolutions - Director Appointments

Two ordinary resolutions for non-executive director appointments received overwhelming support:

Resolution Details: Votes in Favour Votes Against Approval Rate Mr. Viren Raheja (DIN 00037592): 55,892,376 74,970 99.87% Mr. Akshay Raheja (DIN 00288397): 55,892,376 74,970 99.87%

Special Resolutions - Key Executive Appointments

The special resolutions addressed critical leadership positions and operational requirements:

Position Appointee Votes in Favour Approval Rate Independent Director: Ms. Ameeta Parpia (DIN: 02654277) 55,892,376 99.87% Whole-Time Director: Mr. Vaibhav Joshi (DIN: 11438129) 55,892,376 99.87% MD & CEO Remuneration: Dr. Hardik Joshipura (DIN: 09392511) 55,889,641 99.86%

Financial Authorization and Borrowing Limits

Shareholders approved the increase in borrowing limits under Section 180(1)(c) of the Companies Act, 2013, providing the company with enhanced financial flexibility for future operations and expansion plans.

Financial Resolution: Details Resolution Type: Special Resolution Votes in Favour: 55,889,641 Votes Against: 77,697 Approval Percentage: 99.86%

Stakeholder Participation Analysis

The voting pattern revealed strong support from different shareholder categories, with the promoter group showing complete alignment with the proposed resolutions.

Promoter Group Participation

Metric: Value Total Promoter Shares: 55,608,988 Participation Rate: 100% Support Level: 100% across all resolutions

Public Shareholder Response

Public institutional investors demonstrated strong confidence with participation rates of 2.10% and approval rates exceeding 98% for most resolutions. Public non-institutional shareholders showed a participation rate of 1.25%, with varying approval levels depending on the specific resolution.

Regulatory Compliance and Process

The postal ballot process was conducted in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013. Sushil Talathi of Sushil Talathi & Associates served as the appointed scrutinizer, ensuring transparency and fairness throughout the voting process. The company engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting mechanism, with the voting period spanning from February 18, 2026, to March 19, 2026. The resolutions were deemed passed on March 19, 2026, as confirmed in the official filing dated March 23, 2026.

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