The Rights Issue Committee approved allotment of equity shares pursuant to the Rights Issue of the Company.
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Mehai Technology has completed the allotment of 37,05,30,000 (3.7 crore) equity shares under its Rights Issue at ₹2 per share, raising up to ₹74.11 crores. Each share has a face value of ₹1 with a ₹1 premium. As a result, the company's paid-up equity share capital has nearly doubled from ₹37.81 crores to ₹74.86 crores. The Rights Issue Committee approved the allotment on October 20, 2025, following finalisation of the basis of allotment with the registrar and BSE. This marks the completion of the rights issue process that began in August 2025.
Existing shareholders who subscribed (or bought rights entitlements) now hold additional shares, but the shareholding is significantly diluted with the equity base nearly doubling. The successful completion brings fresh capital of ~₹74 crores into the company, though the low issue price (just 2x face value) and large size suggest capital is being raised at terms that heavily dilute existing holders.