Attached Intimation letter of In Principle approval
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mangalam Industrial Finance Ltd has received in-principle approval from BSE Limited for a proposed Rights Issue of fully paid-up equity shares, for an amount not exceeding ₹49.00 Crores. The approval was issued by BSE on 16th April 2025, following the company's application dated 20th December 2024. This is a preliminary clearance — the company still needs to comply with all statutory, legal, and listing formalities before finalising the offer documents. The rights issue price and record date are yet to be disclosed by the company.
This is a routine regulatory milestone that moves the company closer to launching its rights issue, which could lead to equity dilution for existing shareholders. The actual impact on shareholders will depend on the issue price, entitlement ratio, and subscription levels, none of which have been announced yet.