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Awaiting price reaction for this filing.
The Board of Directors of Mega Nirman and Industries Ltd, at its meeting held on February 25, 2026, approved raising funds of up to Rs. 50 Crores through a Rights Issue of Equity Shares with a face value of Rs. 10 each. The offer will be made to eligible existing equity shareholders as on a record date that is yet to be notified. The Board has also constituted a Rights Issue Committee to finalise key terms such as issue price, entitlement ratio, record date, and payment schedule, subject to regulatory and statutory approvals under SEBI ICDR Regulations, 2018 and Companies Act, 2013. The purpose of fund raising and deployment of proceeds has not been disclosed in this filing.
Existing shareholders will get the opportunity (but also the obligation) to subscribe to their proportionate share of the new equity, which could lead to dilution if they do not participate. The stock may see short-term pressure around the record date and ex-rights trading; the final impact will depend on the issue price and the use of funds, which are yet to be announced.