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Awaiting price reaction for this filing.
The Board of Directors of Mega Nirman and Industries Ltd, in its meeting held on February 25, 2026, approved raising of funds through a Rights Issue of equity shares with a face value of Rs. 10 each, for an aggregate amount not exceeding Rs. 50 crores. The issue will be offered to existing eligible equity shareholders as on a record date, which is yet to be notified. A Rights Issue Committee has been constituted to finalise key terms such as issue price, entitlement ratio, record date, payment schedule, and other conditions. The fund-raising is subject to approvals under SEBI ICDR Regulations, SEBI LODR Regulations, and the Companies Act, 2013. The specific purpose or end-use of the raised funds has not been disclosed in this filing.
Existing shareholders will be offered the right to subscribe to their proportionate share, helping them maintain their ownership; non-participants will see their stake diluted. The Rs. 50 crore equity infusion can strengthen the company's capital base, though the lack of disclosed use-of-funds means investors should wait for further details before drawing conclusions on whether this is value-accretive or dilutive.