Milgrey Finance board approves rights issue up to Rs 60.00 crores

Milgrey Finance & Investments Ltd has approved a proposal to raise funds up to Rs 60.00 crores through a rights issue of equity shares. The decision was taken during a board meeting held on June 29, 2026, aimed at bolstering the company's capital base. The issue will be subject to necessary statutory and regulatory approvals.

The board approved the issuance of fully paid-up equity shares with a face value of Rs 10.00 each at par or at a premium. These shares will be offered to eligible equity shareholders as on a record date, which is yet to be determined. The specific terms, including the issue price, rights entitlement ratio, and timing of payment, will be finalized by the board or a constituted committee in due course.

Rights Issue Details

The company plans to utilize the rights issue route to comply with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The total amount raised will not exceed Rs 60.00 crores.

Particulars	Details
Type of securities	Fully paid-up Equity Share of face value Rs 10.00 each
Issue type	Rights issue to existing shareholders
Total amount	Up to Rs 60.00 crores
Regulatory compliance	SEBI (ICDR) Regulations, 2018

The meeting, which commenced at 05:00 P.M. and concluded at 6:00 P.M. on June 29, 2026, was convened under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation regarding the outcome was submitted to the BSE Limited's Listing Compliance department.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.52%	-4.59%	+5.94%	-24.41%	-65.61%	+100.41%

Milgrey Finance & Investments Ltd held a board meeting on Wednesday, June 24, 2026, where the directors declined to increase the authorised share capital and alter the Memorandum of Association. The board also decided that a fresh date for convening the 43rd Annual General Meeting (AGM) shall be communicated in due course. The meeting, which commenced at 4:00 P.M. and concluded at 04:30 P.M. IST, was convened to discuss the capital structure and procedural requirements for the upcoming shareholder meeting.

Board Meeting Outcome

The Board of Directors reviewed the proposal to alter the capital structure. The decision to decline the increase in authorised share capital suggests the current capital base is deemed sufficient for immediate requirements.

Key Decisions

Declined to increase the authorised share capital of the company.
Declined to alter the Memorandum of Association.
Deferred the announcement of the date, time, and venue for the 43rd Annual General Meeting.

Meeting Details

The proceedings were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The outcome was submitted to the BSE Limited to update the company's records regarding the corporate action and the status of the AGM.