Adroit Infotech Sets Final April 30 Deadline for Rights Issue Payments

Adroit Infotech is giving shareholders a final chance to settle outstanding dues for over 30 lakh partly paid-up shares. A total of ₹3.04 crore remains unpaid from the rights issue, and failure to pay by April 30, 2026, will result in forfeiture.

Payment Window Opened

The company's Rights Issue Committee confirmed on March 27, 2026, that a payment window will be open from April 10 to April 30, 2026. This is the last opportunity for shareholders to pay the pending amounts for their partly paid-up shares.

Consequences of Non-Payment

Shareholders who miss the April 30 deadline face the forfeiture of their partly paid-up shares. Additionally, any delayed payments will incur an annual interest of 9%.

Rationale for Collection

The company is seeking to recover outstanding capital from its February 2024 rights issue to strengthen its financial position. This deadline provides a final chance for investors to finalize their holdings and prevent losing their investment in these specific shares.

Company Background

Adroit Infotech is an IT services company based in India, providing software development, IT consulting, and system integration. The company held its rights issue in February 2024. Notably, a significant number of applicants did not pay the initial call for funds related to this issue, putting their shares at risk of forfeiture even then.

What This Means Now

This latest announcement provides shareholders with a definitive, final deadline to settle their obligations. The company stands to recover a significant portion of the ₹3.04 crore outstanding capital, which could lead to a more stable equity structure if fewer shares are forfeited. For investors, the consequence of non-payment is clear: the loss of their stake in these specific partly paid-up shares.

Shareholder Risks

The primary risk for shareholders is the potential loss of their investment in these partly paid-up shares if the April 30 deadline is missed. Additionally, any payments made after the deadline will accrue an additional 9% annual interest.

Industry Context

Adroit Infotech operates in the IT services sector, which includes companies like Kellton Tech Solutions Limited.

Key Figures (as of March 27, 2026)

• Total outstanding dues for the Rights Issue: ₹3.04 crore (₹303.65 lakh).
• Number of shares with unpaid calls: 3,098,722.
• Principal amount remaining: ₹2.02 crore (₹202.43 lakh).
• Premium amount remaining: ₹1.01 crore (₹101.22 lakh).

What to Monitor

Investors will be watching the collection rate of these outstanding dues as the April 30 deadline approaches. The final number of forfeited shares will also be noted, along with any subsequent announcements from Adroit Infotech regarding the disposal of these shares. The recovery of these funds is expected to impact the company's financial health.