Milgrey Finance & Investments board to consider rights issue

Milgrey Finance & Investments Ltd will hold a board meeting on June 29, 2026, to consider a proposal to raise funds by issuing equity shares through a rights issue to existing shareholders. The company intends to utilize this route to bolster its capital base in compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The meeting, convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, will primarily focus on evaluating the feasibility and structure of the rights issue. The board will also discuss any other business items with the permission of the chair.

Agenda Details

The board's agenda includes a specific review of the proposal to issue equity shares on a rights basis. This method allows existing shareholders to purchase additional shares, typically in proportion to their current holdings, at a predetermined price.

Agenda Item	Description
Rights Issue	Proposal to raise funds by issuance of equity shares to existing shareholders
Regulatory Compliance	Adherence to Companies Act, 2013 and SEBI (ICDR) Regulations, 2018
Other Business	Any other item with the permission of the chair

The intimation was submitted to the BSE Limited's Listing Compliance department on June 24, 2026. The company's registered office is located in Borivali West, Mumbai, and its scrip code on the exchange is 511018.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.33%	+12.50%	-9.80%	-26.00%	-50.12%	+100.00%

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.