The Board of Directors of the Company at its meeting held today, i.e. Friday, 28th November, 2025, noted that the Company's Rights Issue closed with a preliminary subscription of 95.37% ....
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.4 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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Mangalam Industrial Finance Ltd announced that its Rights Issue closed with a preliminary subscription of 95.37% after removing technical rejections. The board noted that 34 eligible equity shareholders had renounced their Rights Entitlements and applied for additional shares, totaling 51,83,921 equity shares with 49,28,728 additional shares requested. The board unanimously approved the inclusion of these 49,28,728 additional equity shares in the total subscription. The meeting was held on 28th November 2025 from 5:30 PM to 6:00 PM IST.
A 95.37% subscription rate indicates healthy investor interest, though the issue was not fully subscribed. Shareholders should note the dilution from the additional shares being allotted and monitor how the company deploys the raised capital.