Pursuant to Regulation 30 and schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Board of Directors of the Company at its meeting held today, ....
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The Board of Directors of Mangalam Industrial Finance Ltd met on 13th November 2025 and approved two key items. First, the company is undertaking a Rights Issue of up to 48.08 crore equity shares at Re. 1 per share (at par), aggregating up to Rs. 48.08 crore, in the ratio of 1 rights share for every 2 fully paid-up shares held, with record date 23rd September 2025. The Board extended the Rights Issue closing date from 14th November 2025 to 19th November 2025 to give shareholders more time to participate. The revised allotment date is 24th November 2025 and listing is expected around 3rd December 2025. Second, the Board approved unaudited financial results for Q2 FY26 and H1 FY26 – total income for Q2 rose to Rs. 116.75 lakhs (vs Rs. 90.65 lakhs in Q2 FY25), while net profit stood at Rs. 40.81 lakhs (vs Rs. 33.98 lakhs). H1 FY26 net profit was Rs. 74.79 lakhs (vs Rs. 70.00 lakhs). Total assets stood at Rs. 31.36 crore with negative other equity of Rs. -65.99 crore.
The Rights Issue at par (Re. 1) is significantly dilutive but gives existing shareholders a chance to maintain their stake; the extension to 19th November suggests the company wants broader participation. Q2 results show modest revenue and profit growth, though the company continues to carry accumulated losses in its reserves, indicating weak long-term equity health.