Outcome of Board Meeting held on 11.09.2025 Allotment of Equity Shares and Preference Shares Under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ....
Awaiting price reaction for this filing.
The board of Mangalya Soft-Tech Limited, at its meeting on 11 September 2025, approved allotment of 1.5 crore equity shares and 30 lakh preference shares pursuant to a Resolution Plan and Amalgamation Scheme approved by NCLT Ahmedabad on 26 June 2025. Equity shares were allotted at Rs. 10 per share in a 5:1 swap ratio (5 new shares for every 1 share of the Transferor Company). Additionally, 30 lakh 6% Optionally Fully Convertible Redeemable Preference Shares (OFCRPS) with a 10-year tenure were allotted at Rs. 10 each in a 1:1 ratio. The shares were allotted to promoters Ajay Jayantilal Shah (75,77,500 equity; 15,15,500 preference), Mayuri Ajay Shah (29,60,000 equity; 5,92,000 preference), and non-promoter Khushroo Eruch Patel (44,62,500 equity; 8,92,500 preference). All shares will be credited directly to the demat accounts of the allottees.
This allotment will lead to dilution of existing shareholders as 1.5 crore new equity shares enter the market, which may put short-term pressure on the share price. However, this is a known event flowing from a court-approved restructuring, and the preferential nature of the issue means there is no immediate cash inflow from public markets.