Covidh Technologies Rights Issue dates 3 – 10 November 2025.
Incorporated in 1993, Covidh Technologies is engaged in software development and IT consultancy services. The company’s operations encompass software publishing, custom software development, web design, and technology consulting. Headquartered in Hyderabad, Telangana, with its registered office located in Jubilee Hills, Covidh Technologies is a public limited, non-government company listed on Indian stock exchanges.
Over the years, the company has provided technology solutions to clients across diverse sectors. However, in recent years, it has reported minimal or no operational revenue and has undergone restructuring under the Insolvency and Bankruptcy Code (IBC), as approved by the National Company Law Tribunal (NCLT), Hyderabad Bench.
Promoters of Covidh Technologies – Mr. Ganapa Narsi Reddy
Table of Contents
Covidh Technologies Rights Offer Details
| Covidh Technologies Rights Issue Date | 3 – 10 November 2025 |
| Covidh Technologies Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 80,85,550 shares |
| Issue Size (in INR) | INR 8.09 crore |
| Issue Entitlement | 25 equity shares for every 1 equity share held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Covidh Technologies Rights Issue Record Date | 24 October 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Covidh Technologies Rights Issue Calculation
| Covidh Technologies Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 7.54 per share |
| Dilution Factor (X) | 26 |
| Fair Value After Dilution at Prevailing Price | INR 9.91 per share |
Covidh Technologies Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Funding working capital requirements of the company – INR 5.06 crore
- General corporate purposes – INR 2.02 crore
Covidh Technologies Rights Offer Documents
- Covidh Technologies Rights Issue Application Form
- Covidh Technologies Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Covidh Technologies Rights Issue Dates
| Rights Issue Approval Date | 17 October 2025 |
| Rights Issue Record Date | 24 October 2025 |
| Credit of Rights Entitlement | 29 October 2025 |
| Rights Issue Opening Date | 3 November 2025 |
| Last Date for Market Renunciation | 4 November 2025 |
| Rights Issue Closing Date | 10 November 2025 |
| Finalization of Basis of Allotment | 11 November 2025 |
| Rights Allotment Date | 11 November 2025 |
| Credit Date | 12 November 2025 |
| Listing Date | 13 November 2025 |
Covidh Technologies Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office no S6-2, 6th floor, Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre,
Andheri East, Mumbai, Maharashtra, India, 400093
Tel: +91 91 22 62638200
E-mail: [email protected]
Website: www.bigshareonline.com
Covidh Technologies Contact Details
COVIDH TECHNOLOGIES LIMITED
Office No 4, Kumar Prestige Point, 238,
Shukrawar Peth, Pune, Maharashtra 411002, India
Phone: +(91) 9289433989
Email: [email protected]
Website: www.covidhtechnologies.com
Covidh Technologies Rights Offer FAQs
What is the Covidh Technologies Rights Issue Price?
The issue price is INR 10 per share.
What is the Covidh Technologies Rights Issue entitlement ratio?
The eligible shareholders are offered 25 equity shares for every 1 equity shares held on the record date.
What is the Covidh Technologies Rights Issue Record Date?
The Record date is 24 October 2025.
How to Apply in the Covidh Technologies Rights Offer?
The best way to apply in the Covidh Technologies Rights Offer is through Internet banking ASBA. You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an application form and deposit the same with your broker.