BSECompany Update2d ago · 23 Oct 2026, 08:22 pm
Submission of Letter of Offer for Rights Issue of Equity Shares of Interactive Financial Services Limited.
Interactive Financial Services Ltd · 539692
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Interactive Financial Services Ltd has submitted a Letter of Offer for a Rights Issue of up to 5,89,06,105 equity shares at ₹10 each, aggregating ₹58.91 crore, to eligible equity shareholders in the ratio of 17:2.
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Interactive Financial Services Ltd - 539692 - Submission Of Letter Of Offer For Rights Issue Of Equity Shares
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INTERACTIVE FINANCIAL SERVICES LIMITED
Letter No.: IFSL/043/2026-27
Date: October 23, 2026
Listing Compliance Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400 001
SCRIPT CODE: 539692
ISIN: INE064T01018
Subject: Submission of Letter of Offer for Rights Issue of Equity Shares of Interactive Financial
Services Limited (the “Company”)
Dear Sir/Madam,
In continuation to our intimation on the outcome of the Board Meeting dated October 07, 2026, wherein
the Company is proposing to undertake Rights Issue of 5,89,06,105 Rights Equity Shares of face value
of ₹10 each (“Rights Equity Shares”) at an issue price of ₹10 each aggregating up to ₹ 5890.61 lakhs to
the eligible equity shareholders of the Company in the ratio of 17 (Seventeen) Rights Equity Shares for
every 2 (Two) fully paid- up Equity Shares held by eligible shareholders on the record date i.e. Friday,
October 30, 2026. In this regard, please find enclosed the Letter of Offer dated October 23, 2026 which
was approved by the Board of Directors of the Company at its meeting held on October 23, 2026.
Please take the same into your records and do the needful.
Thanking You,
Yours Faithfully,
For, Interactive Financial Services Limited
Pradip Sandhir
Managing Director
DIN: 06946411
Regd Office: Office No. 508, Fifth Floor, Priviera, Nehru Nagar, Ahmedabad – 380 015, Gujarat, India
CIN: L65910GJ1994PLC023393, PH. No. +91-98980 55647, +91 79 4908 8019, SEBI Reg. No.:INM000012856
Website: www.ifinservices.in, E-mail: info@ifinservices.in
Letter of Offer
Dated: October 23, 2026
For Eligible Equity Shareholders only
Interactive Financial Services Limited
CIN: L65910GJ1994PLC023393
Our Company was incorporated as a Public limited company under the Companies Act, 1956 in the name of “Interactive Financial Services Limited”
vide Certificate of Incorporation dated October 24, 1994 with the Registrar of Companies, Ahmedabad. The Company obtained the Certificate of
Commencement of business on November 1, 1994. Our company came out with the Initial Public Offer (IPO) in January, 1996 for 10,00,000 equity
shares having face value of Rs.10 at a price of Rs.10 aggregating Rs. 1,00,00,000 (Rupees One crore only) for carrying out the fund-based activities like
investment, Lease financing and short-term loans. Our company got listed on Ahmedabad Stock Exchange and Madras Stock Exchange. Pursuant to
direct listing our Company got listed on BSE Limited on March 03, 2016.
REGISTERED OFFICE: 508, Fifth Floor, Priviera, Nehru Nagar, Manekbag, Ahmedabad, Gujarat, India-380015
TELEPHONE NO.: 079-4908 8019; Website: www.ifinservices.in ; E-Mail: info@ifinservices.in
Contact Person: Jaini Jain, Company Secretary and Compliance Officer
THE COMPANY IS A PROFESSIONALLY MANAGED COMPANY AND FUNCTIONS THROUGH THEIR BOARD OF DIRECTORS. THE
COMPANY DOESN’T HAVE ANY IDENTIFIABLE PROMOTER.
FOR PRIVATE CIRCULATION TO THE ELIGIBLE EQUITY SHAREHOLDERS OF INTERACTIVE FINANCIAL SERVICES LIMITED (THE
“COMPANY” OR THE “ISSUER”) ONLY
ISSUE OF UP TO 5,89,06,105 FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF ₹10 EACH OF OUR COMPANY (THE “RIGHTS
EQUITY SHARES”) FOR CASH AT A PRICE OF ₹ 10 PER RIGHTS EQUITY SHARE AGGREGATING UP TO ₹ 58.91 CRORE ON A RIGHTS
BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF OUR COMPANY IN THE RATIO OF 17 RIGHTS EQUITY SHARES FOR EVERY
2 FULLY PAID-UP EQUITY SHARES HELD BY THE ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE, THAT IS ON October
23, 2026 (THE “ISSUE”). FOR FURTHER DETAILS, SEE “TERMS OF THE ISSUE” BEGINNING ON PAGE 68 OF THIS LETTER OF OFFER.
PAYMENT SCHEDULE FOR THE RIGHTS EQUITY SHARES
AMOUNT PAYABLE PER RIGHTS EQUITY SHARE* FACE VALUE ( ₹) PREMIUM (₹) TOTAL(₹)
On Application 10.00 - 10.00
Total (₹) 10.00 - 10.00
* For further details on Payment Schedule, see “Terms of the Issue” on page 68.
WILFUL DEFAULTER(S) OR FRAUDULENT BORROWER(S)
Neither our Company nor any of our directors have been identified as Wilful Defaulter(s) or Fraudulent Borrower(s) by any bank or financial institution (as
defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines issued by the Reserve Bank of India.
GENERAL RISKS
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue unless they can afford to take
the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this issue. For taking an
investment decision, investors must rely on their own examination of our Company and the Issue including the risks involved. The Equity Shares offered in the
Issue have neither been recommended nor approved by Securities and Exchange Board of India (“SEBI”) nor does Securities and Exchange Board of India
guarantee the accuracy or adequacy of the contents of this Letter of Offer. Specific attention of the investors is invited to the section titled “Risk Factors”
beginning on page no.20 of this Letter of Offer.
COMPANY’S ABSOLUTE RESPONSIBILITY
Our Company, having made all reasonable inquiries, accepts responsibility for and confirms that this Letter of Offer contains all information with regard to our
Company and the Issue, which is material in the context of the Issue, that the information contained in this Letter of Offer is true and correct in all material
aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the
omission of which makes this Letter of Offer as a whole or any of such information or the expression of any such opinions or intentions misleading in any
material respect.
LISTING
The existing Equity Shares are listed on BSE Limited (“BSE” or the “Stock Exchange”). Our Company has received the “in-principle” approvals from BSE for
listing of the Rights Equity Shares to be allotted pursuant to this Issue through letter dated October 16, 2026 . Our Company will also make applications to the
Stock Exchange to obtain trading approvals for the Rights Entitlements as required under the SEBI circular bearing reference number
SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020. For the purposes of this Issue, the Designated Stock Exchange is BSE.
REGISTRAR TO THE ISSUE
B I G SHARE SERVICES PRIVATE LIMITED
ADDRESS: Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali
Caves Road, Andheri (East) Mumbai – 400093
Tel no.: +91-022-62638200
F a x N o . : + 9 1-022-62638299
W e b s i t e : w w w . b i g s h a r e o n l i n e . c o m
E-Mail: rightsissue@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Suraj Gupta
SEBI Reg. No.: INR000001385
ISSUE PROGRAMME
ISSUE OPENS ON LAST DATE FOR ON MARKET RENUNCIATION* ISSUE CLOSES ON**
Friday, November 06, 2026 Thursday, November 19, 2026 Thursday, November 26, 2026
*Eligible Equity Shareholders are requested to ensure that renunciation through off market transfer is completed in such a manner that the Rights Entitlements
are credited to the demat accounts of the Renouncees on or prior to the Issue Closing Date.
** Our Board of Directors will have the right to extend the Issue Period as it may determine from time to time but not exceeding 30 days from the Issue Opening
Date (inclusive of the Issue Opening Date). Further, no withdrawal of Application shall be permitted by any Applicant after the Issue Closing Date.
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TABLE OF CONTENTS
SECTION I – GENERAL .................................................................................................................................... 2
DEFINITIONS AND ABBREVIATIONS ............................................................................................................. 2
GENERAL TERMS ................................................................................................................................................
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