The Board of Directors at its meeting held today i.e., 22/08/2025 inter-alia approved rights issue of equity shares for an amount not exceeding Rs. 75 Crores.
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Mehai Technology's board, at its meeting on August 22, 2025, approved raising funds through a rights issue of equity shares with a face value of Rs. 1 each, for a total amount not exceeding Rs. 7,500 Lakhs (Rs. 75 Crores). The shares will be offered to existing eligible equity shareholders as on a record date, which is yet to be notified. The issue price, entitlement ratio, timing, and terms of payment will be decided later by the Board or a newly formed Rights Issue Committee. The fund raise is subject to SEBI ICDR Regulations and other necessary statutory and regulatory approvals.
Existing shareholders will get the opportunity to subscribe to the rights issue and maintain their ownership stake, though non-participation could lead to dilution. Without details on the use of funds or pricing, near-term stock sentiment may remain cautious until further clarity emerges.