Pursuant to second proviso to Regulation 30(6) 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, at its meeting on 17th September 2025, approved a Rights Issue of up to 48,08,21,750 equity shares of Re. 1 each at an issue price of Re. 1 per share, aggregating up to Rs. 48.08 crores. The ratio offered is 1 Rights Share for every 2 fully paid-up Equity Shares held by eligible shareholders on the Record Date, which has been fixed as Tuesday, 23rd September 2025. Currently the company has 96,16,43,500 equity shares outstanding, which would rise to 1,44,24,65,250 shares if the issue is fully subscribed — meaning a potential 50% expansion of the equity base. Full amount is payable on application. The Letter of Offer with detailed terms will be sent to eligible shareholders in due course.
Eligible shareholders will need to decide whether to subscribe to the Rights Issue by the 23rd September 2025 record date to receive entitlements; existing shareholders face potential dilution of up to 50% if they do not subscribe. Since the issue price equals face value (Re. 1), shareholders should evaluate the company's rationale and use of funds before making their decision.