Manorama Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/03/2026 ,inter alia, to consider and approve Fund Raising
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Manorama Industries has informed BSE that its Board of Directors will meet on March 12, 2026, to consider and approve a proposal for raising funds. The company plans to issue securities such as equity shares, non-convertible debt instruments with warrants, convertible securities, or a combination of these. The fund raising may be done through a Qualified Institutions Placement (QIP) or other permissible modes, in one or more tranches. The Board will also approve a Postal Ballot Notice to seek shareholder consent for the fund raising. The final terms and pricing will be decided by the Board, subject to regulatory and shareholder approvals.
This is a forward-looking announcement — no fund raising has happened yet. If approved, it could lead to equity dilution for existing shareholders. The stock may see short-term volatility around the Board meeting date as the market awaits concrete details on size and pricing.