Company has received in-principle approval of rights issue

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Price reactionminutes from the announcement price · days from the prior close

-3.9%Reaction day

₹14.54

prior close

₹14.82

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-3.8% vs market

Trading & Distributors peers, median of 126sector-0.0%-3.9% vs sector

On the reaction day the stock moved 3.8 pts less than Nifty Microcap 250 and 3.9 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.2

10m

-0.3

15m

-0.5

30m

-0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.9-0.1-3.8-0.0-3.9

Next day

-3.5+0.7-4.2+0.0-3.5

+2.8+1.2+1.5+0.0+2.8

+3.8+1.9+1.9+0.0+3.8

-44.1+1.6-45.7+0.2-44.3

-41.4+2.0-43.4+0.6-42.0

-37.8+0.9-38.8+0.0-37.9

15d

-34.4-1.4-32.9-1.9-32.5

-46.6-1.6-45.0-1.4-45.3

-76.5-0.7-75.8-3.6-72.9

-88.1-6.0-82.1-12.1-76.0

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 126Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mehai Technology Limited has received in-principle approval from BSE Limited to proceed with a rights issue of equity shares for an amount not exceeding ₹75 Crores. The rights issue was originally approved by the company's Board of Directors on August 22, 2025. BSE granted its approval via letter dated September 11, 2025 (ref: LOD/Rights/MV/FIP/867/2025-26). The in-principle approval is a procedural step required before the company can proceed further with the issue, including filing the letter of offer with shareholders.

Likely market impact

Existing shareholders may need to provide additional capital if they wish to maintain their proportionate ownership, as the company plans to raise up to ₹75 Crores through a rights issue. The move could lead to equity dilution for non-participating shareholders, though it also signals the company's intent to fund growth or strengthen its balance sheet.