Maha Rashtra Apex Corporation Limited has informed the Exchange that Board of Directors at its meeting held on March 11, 2026, has decided to issue equity shares on rights basis in the ratio of 14091896 : 14091896, i.e 14091896 Equity Shares for every 14091896 Equity Shares held. Issue Price is Rs. 10 per share.
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Maha Rashtra Apex Corporation Limited's board has approved a rights issue of up to 1,40,91,896 fully paid-up equity shares at ₹10 per share (at par with face value) in a 1:1 ratio, meaning one rights share for every one share held. The total issue size is up to ₹1,409.19 lakhs (about ₹14.09 crore). Existing shareholders as of the record date of March 20, 2026 will be eligible, with the issue opening on April 2, 2026 and closing on April 30, 2026. If fully subscribed, the company's outstanding shares will double from 1,40,91,896 to 2,81,83,792 shares. T&S Law has been appointed as advisor to the issue, and in-principle approvals from BSE and NSE were already received in early March 2026.
The rights issue is priced at par (₹10), so there is no immediate discount incentive for shareholders to subscribe. Since the issue size is relatively small and the shares are offered at face value, existing shareholders need to decide whether to subscribe or let their rights lapse. Full subscription will dilute holdings by 50% in terms of share count, but the company's equity base will also double.