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, approving the allotment of 63,24,000 fully paid-up equity shares at Rs. 11 per share, including a premium of Rs. 1. This follows a rights issue to raise funds up to Rs. 7.52 Crore, with a record date set on February 28, 2025. Consequently, the company's paid-up equity share capital has increased from Rs. 6.84 Crore to Rs. 13.16 Crore, bringing the total number of equity shares to 1.32 Crore.