Maha Rashtra Apex Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/12/2025 ,inter alia, to consider and approve The meeting of ....
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Maha Rashtra Apex Corporation Ltd has informed the stock exchanges that its Board of Directors will meet on 18th December 2025 at its registered office in Bengaluru. The main item on the agenda is to consider and approve a proposal to raise funds by issuing fully paid-up equity shares through a Rights Issue to existing shareholders. The company plans to use the simplified Rights Issue process introduced by SEBI via its March 2025 amendment to the ICDR Regulations. The Board will also decide on related matters including the size of the issue, formation of a Rights Issue Committee, and appointment of a Banker and Registrar to the issue. The trading window for dealing in the company's shares has been closed from 11th December 2025 until 48 hours after the Board meeting concludes.
If approved, existing shareholders will get an opportunity to buy additional shares in proportion to their current holdings, which could dilute their stake if they don't subscribe. The Rights Issue size and price will be key details to watch for, as they will determine the dilution impact and capital being raised.