GVP Infotech Approves Conversion of Partly Paid-up Equity Shares into Fully Paid-up Stock
GVP Infotech Limited, formerly known as Fourth Dimension Solutions Ltd, has approved the conversion of a significant number of partly paid-up equity shares into fully paid-up equity shares. The decision was made following a board meeting held on July 24, 2026.The company's Board of Directors approved the conversion in relation to its Rights Issue, confirming that the action took place upon receipt of the Final Call Money from shareholders.
The reconciliation statement details the status of the shares involved in the process:
| Particulars | Details |
|---|---|
| No. of Partly Paid-up Equity Shares for which initial approval was obtained from the Stock Exchange | 2,11,72,007 |
| No. of Partly Paid-up Equity Shares allotted | 2,11,72,007 |
| No. of Partly Paid-up Equity Shares converted into Fully Paid-up Equity Shares after receiving payment for the First and Final Call | 1,97,82,690 |
GVPTECH Stock Price Movement
GVP Infotech surges to ₹6.73 at 3:16 PM, rising by 0.90% after increasing by ₹0.06 from the previous close. Trading volume stands at 15,179 shares as the stock remains active within its intraday range of ₹6.48 to a high of ₹6.82.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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