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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mega Nirman & Industries' board, meeting on July 25, 2025, approved several items. Key highlights: (1) A proposal to issue equity shares to existing shareholders on a rights basis in the ratio of 1:1, subject to regulatory approvals; (2) Increase in authorised share capital from Rs. 50 crore to Rs. 60 crore (5 crore to 6 crore equity shares of Rs. 10 each); (3) Allotment of 79,66,667 equity shares of Rs. 10 each at Rs. 15 per share (including Rs. 5 premium) to non-promoter group allottees upon conversion of warrants, bringing in Rs. 9.75 crore; (4) Paid-up capital now stands at Rs. 18.59 crore consisting of 1,85,91,943 equity shares, with 70,55,557 warrants still pending conversion; (5) 42nd AGM scheduled for August 26, 2025, with register of members closed from August 19 to 26, 2025. A new secretarial auditor was also appointed for five years (FY 2025-26 to FY 2029-30).
Shareholders should note potential dilution from the proposed 1:1 rights issue (pricing yet to be announced) and the recent conversion of warrants that added ~79.66 lakh new shares to the equity base. The book closure window (Aug 19-26) means shareholders on the record date will need to evaluate their rights entitlement before the AGM.