The Rights Issue Committee has inter alia approved the terms of the Rights Issue
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Mehai Technology's Rights Issue Committee has finalised the terms of its proposed rights issue. The company will offer up to 37.05 crore equity shares of ₹1 face value each at ₹2 per share (including a ₹1 premium), raising up to about ₹741 crore assuming full subscription. The entitlement ratio is 1:1, meaning every existing shareholder on the record date (September 18, 2025) can buy one new share for every share held. If fully subscribed, the company's total share count will double from 37.05 crore to 74.10 crore shares. The rights issue opens on September 26, 2025 and closes on October 17, 2025.
Existing shareholders will need to invest fresh capital to maintain their stake, as their shareholding will be diluted by 50% if they don't participate. The very low issue price (₹2) relative to typical stock prices suggests heavy dilution unless the market price is close to ₹2 — shareholders should review the letter of offer carefully and decide whether to subscribe, renounce, or let entitlements lapse.