Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 this is to inform you that the Board of Directors of the Company in its meeting held ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Mena Mani Industries met on 18th November 2025 and approved several major decisions. First, it approved a preferential issue of 81,00,000 equity shares to 23 non-promoter allottees, with the largest single allottee being Core Inc. (25,00,000 shares), followed by four allottees (Sixer Infotech, AV Estates, VSHM Asset Management, Mannat Estates) each receiving 6,25,000 shares. Second, the Board approved the takeover of JKV Solutions Limited, a software company, to make it a wholly owned subsidiary, with equity shares to be issued on a preferential basis as consideration for the acquisition. Third, the Board decided NOT to increase the authorised share capital, as the current size is sufficient for the proposed preferential issue. Finally, the Board approved amending the Main Object Clause of the Memorandum of Association to add new business areas including hotels, resorts, and mining (covering ores, minerals, coal, metals, etc.), subject to shareholder approval.
This is a significant transformation announcement for a small-cap company. Existing shareholders will face meaningful equity dilution from the 81 lakh preferential shares plus additional shares for the JKV Solutions acquisition, while the company signals a major diversification pivot from its current business into software, hospitality, and mining — all subject to shareholder approval at a general meeting.