Maha Rashtra Apex Corporation Limited has informed the Exchange that Board of Directors at its meeting held on December 18, 2025, has decided to issue equity shares on rights basis in the ratio of 15000000 : 14091896, i.e 15000000 Equity Shares for every 14091896 Equity Shares held. Issue Price is Rs. 10 per share.
MAHAPEXLTD · price
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The Board of Directors of Maha Rashtra Apex Corporation, at its meeting on December 18, 2025, approved a rights issue of equity shares. The ratio offered is 15,000,000 equity shares for every 14,091,896 shares held, which works out to approximately 1.064 new shares for every 1 share currently held. The issue price has been fixed at Rs. 10 per share, which is likely the face value, meaning the shares are being issued at par. Existing shareholders will be eligible to subscribe to these additional shares in proportion to their current holdings. The dilution from this issue is relatively small at around 6.4% on a fully subscribed basis.
Shareholders will need to deploy additional capital to maintain their proportional ownership, though the dilution is modest. The attractiveness of subscribing depends on the current market price versus the Rs. 10 issue price; if the stock trades well above Rs. 10, the rights entitlement could hold real value, otherwise it may be a value-neutral or dilutive event.