Maha Rashtra Apex Corporation Limited has informed the Exchange about General Updates
MAHAPEXLTD · price
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On the reaction day the stock moved 19.5 pts more than Nifty Microcap 250 and 19.3 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Maha Rashtra Apex Corporation Limited has received in-principle approval from both NSE (dated March 05, 2026) and BSE (dated March 04, 2026) for its proposed Rights Issue of fully paid-up equity shares of face value Rs. 10 each. The total size of the issue is expected to aggregate up to Rs. 1,500 lakhs (Rs. 15 crore), to be offered to existing eligible equity shareholders on a rights basis. The final issue price, premium, and the rights entitlement ratio are yet to be finalized and will be disclosed in the Letter of Offer. The approval is subject to the company completing statutory compliances, SEBI guidelines, and filing the listing application post-allotment.
Existing shareholders should expect a rights entitlement opportunity in the coming weeks, which may require additional capital to participate. The Rs. 15 crore raise is relatively small and could lead to minor dilution if not fully subscribed, but details on pricing and purpose of funds are still awaited.