Attached herewith Outcome of Rights Issue Committee meeting dated 01.12.2025
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Mangalam Industrial Finance Ltd's Rights Issue Committee approved the allotment of 46,34,86,428 (46.34 crore) fully paid-up equity shares at Re. 1 each on a rights basis in the ratio of 1:2 (1 rights share for every 2 shares held). The issue price was Re. 1 per share, equal to face value, with the record date being 23rd September 2025. Following this allotment, the company's paid-up equity share capital has risen from Rs. 96.16 crore to Rs. 142.51 crore, taking total shares to 1,42,51,29,928. The company has also extinguished lapsed rights entitlements and deactivated the rights entitlement ISIN (INE717C20025).
Existing shareholders who did not subscribe to the rights issue face dilution of their stake by roughly one-third, while subscribing shareholders maintain their proportional ownership. Since the issue was priced at face value with no premium, there is no immediate cash loss to non-subscribers, but the expanded share base means future per-share earnings and dividends will be spread across more shares.