Attached herewith Pre issue Advertisement for Rights Issue
Price
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Awaiting price reaction for this filing.
Mangalam Industrial Finance Ltd has informed BSE about the publication of its pre-issue advertisement for a Rights Issue in multiple newspapers on 17th October 2025, including Financial Express (English, 11 cities), Jansatta (Hindi, 4 cities) and Duranta Barta (Bengali, Kolkata). The company is issuing 88,21,750 fully paid-up equity shares of face value Re. 1.00 each at an issue price of Re. 1.00 per share, aggregating to Rs. 88,21,750 on a rights basis. The Issue opens on 27th October 2025 and closes on 7th November 2025, with the last date for on-market renunciation set as 31st October 2025. The Letter of Offer was filed on 4th October 2025. Promoters include Mr. Sojan Vettukallelavirachan, Mr. Venkata Ramana Revuru, Mr. Yatin Sanjay Gupta, Wardwizard Solutions India Pvt Ltd and Garuda Mart India Pvt Ltd.
Eligible equity shareholders should review the Letter of Offer and Abridged Letter of Offer to exercise their rights entitlement before the issue closes on 7th November 2025. The rights are being offered at par (issue price equals face value), which is favorable for shareholders. Renunciation or trading of rights entitlements is possible until 31st October 2025.