update to board meeting dated 3rd February 2026
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Maruti Interior Products has approved a rights issue of equity shares (face value Rs. 10) to raise up to Rs. 4,530 lakhs (approximately Rs. 45.3 crores) from eligible existing shareholders. The decision was taken at a board meeting on February 3, 2026. A Rights Issue Committee meeting has been scheduled for February 9, 2026, to finalize key terms including the issue price, issue size, record date, and entitlement ratio. The issue will be carried out in accordance with the Companies Act, 2013 and SEBI (ICDR) Regulations. Final terms are subject to in-principle approval from stock exchanges and other regulatory authorities.
Existing shareholders may need to decide whether to subscribe to their entitlement or let it lapse, with potential dilution if they don't participate. The Rs. 45.3 crore raise could strengthen the company's capital base, though the purpose of fundraising has not been disclosed in this filing. Key pricing and ratio details will be known after the February 9 committee meeting.