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 approved a Rights Issue of up to 48.08 crore equity shares at Re. 1.00 per share (face value), aggregating up to Rs. 48.08 crore. The issue is offered to existing shareholders in the ratio of 1 rights share for every 2 fully paid-up shares held, with the record date set as 23rd September 2025. The Board has also extended the issue closing date from 19th November 2025 to 25th November 2025, to give shareholders more time to subscribe. The revised allotment date is expected on or about 28th November 2025, with listing likely by 9th December 2025.
Existing shareholders have an additional opportunity to subscribe at face value, but the fact that the issue is priced at face value suggests the stock may be trading at or near Re. 1, indicating a low market price. Shareholders who do not participate may see their effective holding dilute by about 50%.