Rights Issue Committee which was scheduled to be held on 04/09/2025 is postponed and will be held within next working day post receipt of in-principle approval of Rights issue.
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Mehai Technology Ltd has postponed the meeting of its Rights Issue Committee that was originally scheduled for September 04, 2025. The committee was supposed to finalize key details such as the record date, issue price, entitlement ratio, and other terms for the proposed Rights Issue (which was already approved by the Board on August 22, 2025). The reason for the delay is that the in-principle approval from the Stock Exchange for the Rights Issue is still under process. The committee meeting will now be held within the next working day after the company receives the in-principle approval letter from the stock exchange. Earlier communications on the matter were sent on August 22 and August 29, 2025.
This is a procedural update, not a change in the rights issue plan itself. Shareholders may see a slight delay in getting clarity on the issue price, entitlement ratio, and record date, but the rights issue remains on track pending only the stock exchange's formal approval.