Manav Infra Projects Limited — Important, 22-02-2025: Committee Meeting Updates

Manav Infra Projects Ltd. has announced a board meeting on February 22, 2025, where the Capital Raising Committee approved the terms for a rights issue. The rights issue involves 68,36,000 equity shares at a price of ₹11.00 each, totaling ₹7.52 crore. The record date is set for February 28, 2025, with the issue opening on March 12, 2025, and closing on March 24, 2025. This capital raise aims to enhance the company’s financial position and support growth initiatives. Investors may view this as a positive opportunity to increase their stake, while the full subscription will expand the equity base to 1,36,72,000 shares.