Manav Infra Projects Limited — QIP/Rights/Pref., 27-03-2025: Rights Issue

Manav Infra Projects Ltd. has announced a board meeting on March 27, 2025, during which it approved the allotment of 63,24,000 fully paid-up equity shares at a price of Rs. 11 per share (including a premium of Rs. 1). This allotment follows the company's rights issue, raising Rs. 751.96 Cr from eligible shareholders as of the record date, February 28, 2025. As a result, the paid-up equity share capital has increased from Rs. 6.83 Cr to Rs. 13.16 Cr, raising the total number of equity shares to 1.31 Cr, enhancing liquidity and shareholder value.