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 held on 4th October 2025, approved the Letter of Offer, Abridged Letter of Offer, and other issue materials for a Rights Issue to be filed with BSE. The Record Date for eligible equity shareholders was 23rd September 2025. The Rights Issue will open on 27th October 2025 and close on 7th November 2025, with the last date for on-market renunciation of Rights Entitlements being 31st October 2025. M/s. Purva Sharegistry (India) Private Limited has been appointed as the Registrar to the Issue. The Board retains the right to extend the issue period up to 30 days from the opening date.
Existing shareholders as of the record date (23rd September 2025) are eligible to participate in the Rights Issue and can either subscribe, renounce, or let their entitlements lapse. The dilution effect on shareholding and the pricing terms (not disclosed here) will determine the stock price impact; shareholders should review the Letter of Offer for details.