Postponement of right issue committee meeting
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Maruti Interior Products Ltd has postponed its Rights Issue Committee meeting that was originally scheduled for February 13, 2026. The committee was set to finalize the record date, issue price, entitlement ratio, and other terms of the proposed Rights Issue approved by the Board on February 3, 2026. The postponement is because the in-principle approval from the Stock Exchange (BSE) for the rights issue is still under process. The meeting will now be held on the next working day after the company receives the in-principle approval letter from the exchange.
This is a procedural delay, not a cancellation. The rights issue is still on track but its timeline is pushed back until regulatory clearance is received, meaning existing shareholders may need to wait slightly longer for clarity on pricing and entitlement ratio.