Company has received in-principle approval of rights issue
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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.
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.