Maha Rashtra Apex Corporation Limited has informed the Exchange about Basis of Allotment-Right Issue
MAHAPEXLTD · price
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Maha Rashtra Apex Corporation Limited has completed a Rights Issue, allotting 1,40,91,896 fully paid-up Equity Shares of Rs. 10 each to eligible shareholders at an issue price of Rs. 10 per share (at par). The issue took place as per the Letter of Offer dated March 11, 2026, and the basis of allotment was finalized in consultation with Purva Share Registry India Limited and approved by BSE. As a result, the company's paid-up equity share capital has doubled from Rs. 14,09,18,960 to Rs. 28,18,37,920.
The company's equity base has doubled, diluting existing shareholders by 50%. The shares were issued at face value (par), indicating no premium or discount pricing involved.