Notice of the Extra Ordinary General Meeting of the members of the Company to be held on December 31, 2025 to transact the businesses as attached herewith.
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Mena Mani Industries has called an Extra-Ordinary General Meeting (EGM) on December 31, 2025, at 5:30 PM via video conferencing. Three special resolutions are on the agenda. First, the company plans to issue 81,00,000 equity shares at Rs. 8 each (face value Re. 1, premium Rs. 7) on a preferential basis to 23 non-promoter allottees for cash, raising Rs. 6.48 crore to fund working capital and general corporate purposes. Second, it proposes issuing 1,05,09,957 equity shares at Rs. 8 each (aggregating up to Rs. 8.41 crore) as consideration other than cash — via a share swap — to acquire 100% of JKV Solutions Limited from its three shareholders. Third, the company seeks shareholder approval to add new business objects to its Memorandum of Association covering hotels, hospitality, resorts, and mining/quarrying operations. The board approved the preferential issues on November 18, 2025, and the record date for e-voting eligibility is December 24, 2025, with the voting window running December 28–30, 2025.
If approved, existing shareholders will face significant dilution — roughly 1.86 crore new shares will be issued, substantially expanding the share count. The deals bring in Rs. 6.48 crore of fresh cash for working capital and give the company 100% ownership of JKV Solutions while opening up new business avenues in hospitality and mining. Shareholders should watch for the share-swap valuation and the strategic rationale behind the diversification into hotels and mining.