Allotment of Equity Shares on Rights basis
MAHAPEXLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maha Rashtra Apex Corporation Ltd has completed a rights issue, allotting 1,40,91,896 fully paid-up equity shares of Rs. 10 each to existing eligible shareholders. The shares were issued at par (face value) at Rs. 10 per share. As a result, the company's paid-up equity share capital has doubled from Rs. 14.09 crore to Rs. 28.18 crore. The rights issue was based on the Letter of Offer dated March 11, 2026, and the allotment was approved by the Board on April 4, 2026.
The share count has doubled, which will dilute existing shareholders by 50%. The capital raised appears modest as shares were issued at par value, and the company has not disclosed the specific use of proceeds.