Outcome of the Board meeting held on Friday, August 22, 2025 approving Rights Issue of equity shares for an amount not exceeding ?75 Crores
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The Board of Directors of Mehai Technology Ltd, at a meeting held on August 22, 2025, approved a Rights Issue of equity shares to existing shareholders. The total size of the issue will not exceed ₹75 Crores. The company has not yet disclosed the issue price, record date, or entitlement ratio in this announcement. This is a capital-raising move where existing shareholders will be given the first opportunity to subscribe to new shares in proportion to their current holdings.
A rights issue of this size can lead to dilution of existing shareholders' stakes if they choose not to subscribe. The stock may see short-term pressure depending on the issue price and discount to market price once those details are announced.