Indian Infotech and Software Ltd has announced a board meeting to finalize its Rights Issue.

The company will issue 42.23 crore fully paid-up equity shares at ₹1.10 each, aiming to raise approximately ₹46.46 Cr.

Shareholders will receive one rights share for every three shares held.

A record date has been set to determine eligible shareholders for this capital raise.

This move offers existing shareholders an opportunity to increase their stake, supporting the company's financial growth.