outcome of right issue committee meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maruti Interior Products Ltd has completed its rights issue by allotting 4,53,00,000 Rights Equity Shares (45.3 million shares) at ₹10 per share, issued at face value with NIL share premium. The company's paid-up equity share capital has increased from 1,51,00,000 shares (₹15.1 crore) to 6,04,00,000 shares (₹60.4 crore), representing a 4x increase. The allotment was approved by the Rights Issue Committee on April 7, 2026, following the Letter of Offer dated March 11, 2026. The steep increase in share count significantly dilutes existing shareholders' ownership.
This rights issue at face value with no premium represents massive dilution for existing shareholders. The share capital quadrupling means each existing shareholder's percentage ownership will be reduced to roughly 25% of their original stake unless they participated in the rights issue.