Mangalam Industrial Finance Ltd — Important, 01-12-2025: Company Update
01-12-2025 | 06:56 pm
01-12-2025 | 06:56 pm
The Rights Issue Committee has approved the allotment of 46.35 Cr fully paid-up equity shares. These shares were issued on a Rights basis in a 1:2 ratio, meaning one new share for every two held, at Re. 1.00 per share. This allotment increases the company's paid-up equity share capital from Rs. 96.16 Cr to Rs. 142.51 Cr. The committee also approved the extinguishment of lapsed rights entitlements. This move concludes the Rights Issue process, boosting the company's capital base.
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