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Awaiting price reaction for this filing.
Mega Nirman and Industries Ltd's board, meeting on July 25, 2025, approved several key items including the Directors' Report for FY25 and the 42nd AGM on August 26, 2025. The company proposed a rights issue of equity shares to existing shareholders in a 1:1 ratio, subject to regulatory approvals. Additionally, 79,66,667 equity shares were allotted at ₹15 each (face value ₹10, premium ₹5) on conversion of warrants to non-promoter allottees, bringing the paid-up capital to ₹18.59 crore (1,85,91,943 shares). The authorised capital was raised from ₹50 crore to ₹60 crore to accommodate the expansion.
The 1:1 rights issue proposal, if approved, will double the share count for existing shareholders but require fresh capital infusion. The warrant conversion to non-promoters at a modest premium increases share dilution. Shareholders should watch for the rights issue price announcement and record date details.