Rights issue proceeds largely unused as of September 2026

Compliance View source PDF Explain this filing

MAHAPEXLTD · price

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹47.95

prior close

₹47.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.0%+0.1% vs market

Other Financial Services peers, median of 78sector-0.1%-0.8% vs sector

On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.8 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-1.0+0.1-0.1-0.8

Next day

-4.1-3.3-0.7-2.0-2.0

-4.7-2.9-1.8-1.9-2.8

+3.4pendingpending-0.8+4.1

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15d

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 78Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Maharashtra Apex Corporation raised Rs 14.09 crore through a rights issue in April 2026. By September 30, Rs 13.57 crore remained unused, mainly Rs 12.25 crore for compromise dues and Rs 1.16 crore for advance repayment. The funds were held in Canara Bank deposits at 6.25%-7.00%. Issue expenses were Rs 0.52 crore against Rs 0.40 crore planned. The monitor reported no deviation from stated objectives.

Likely market impact

Neutral near term: most funds are earning interest, while planned debt reductions had not begun. The Rs 0.12 crore expense overrun is minor.