Manav Infra Projects Limited — Important, 27-03-2025: Updates

Manav Infra Projects Ltd. has announced a board meeting on March 27, 2025, where the finalization of the allotment for a previously approved rights issue was confirmed. The company is raising funds through the issuance of 63,24,000 fully paid-up equity shares at ₹11 each, comprised of a face value of ₹10 and a premium of ₹1. This allotment increases the paid-up equity share capital from ₹6.83 crore to ₹13.16 crore, resulting in a total of 1.31 crore equity shares outstanding. Investors should note the enhanced capital base, which may provide a positive outlook for the company's growth prospects.