Manorama Industries Limited has informed the Exchange about Copy of Newspaper Publication
MANORAMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manorama Industries has filed copies of newspaper advertisements published on March 21, 2026 in Business Standard and Loksatta, informing shareholders about the dispatch of a Postal Ballot notice. The Postal Ballot seeks shareholder approval to raise funds up to INR 500 crore through a Qualified Institutions Placement (QIP) or other permissible modes, in one or more tranches. E-voting is open from March 21, 2026 to April 19, 2026, with March 13, 2026 as the cut-off date to determine eligible voters. The company has appointed MUFG Intime India as the e-voting facilitator and Ms. Alfya Sapatwala as the scrutinizer.
The INR 500 crore fund-raising plan could lead to dilution of existing shareholders' equity if the QIP or other issue is approved and executed. Shareholders should review the Postal Ballot notice and exercise their vote before April 19, 2026, as the outcome will directly affect their holding and the stock's near-term outlook.