Capricorn Systems Global Solutions Ltd has announced plans to consider a rights issue as part of its capital-raising strategy for upcoming growth initiatives.
Key Highlights:
- Board to evaluate terms and structure of the rights issue in its next meeting
- Funds expected to support expansion in IT services, cloud infrastructure, and AI-driven solutions
- Existing shareholders may receive preferential allotment based on record date
- Rights issue aims to strengthen working capital and reduce debt exposure
- Company targets mid-sized enterprise clients across India and Southeast Asia
- Regulatory filings and investor disclosures to follow post-approval
Strategic Impact:
- Enhances liquidity and operational flexibility ahead of FY2026 project pipeline
- Signals confidence in scaling proprietary platforms and service delivery
Sources: BSE Corporate Announcements, BusinessLine Tech Desk, Moneycontrol Capital Markets Tracker 2025