Maral Overseas Limited — QIP/Rights/Pref., 01-08-2025: Issue of Securities

Maral Overseas has announced a board meeting where they approved issuing up to 30 lakh Redeemable Non-convertible Cumulative Preference Shares (RNCPS). Priced at Rs. 100 each, this private placement to the Promoter/Promoter Group aims to raise Rs. 30 Crore and offers a 9.25% p.a. yield. The issuance awaits shareholder approval at the upcoming Annual General Meeting on August 29th. The board also reviewed the financial results for the quarter and approved changes to its Memorandum of Association, including the object of captive electricity generation.