Attached Intimation letter of In Principle approval

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

-1.6%Reaction day

₹1.88

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-2.3% vs market

Non Banking Financial Company (NBFC) peers, median of 193sector+0.1%-1.7% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.7 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-1.6+0.7-2.3+0.1-1.7

Next day

-2.7+2.2-4.9+1.7-4.3

-4.3+3.1-7.4+1.9-6.2

-5.9+3.1-9.0+2.7-8.6

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-7.4+0.7-8.1-0.1-7.4

15d

-14.9+2.0-16.9-0.6-14.3

+7.4+8.5-1.1+0.7+6.7

-17.0+11.2-28.3+0.0-17.0

-14.9+16.3-31.2+1.5-16.4

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 193Pending

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

AI summary

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.

Likely market impact

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.