Mizzen Ventures seeks nod to raise ₹10 crore via preferential issue

Mizzen Ventures Limited has scheduled an Extraordinary General Meeting (EGM) on July 15, 2026, to seek shareholder approval for raising ₹10 crore through the preferential allotment of 8,00,000 equity shares to non-promoter investors. The Preferential Issue Committee approved the issuance at a price of ₹125 per share, a premium of ₹115 over the face value of ₹10, during a meeting held on June 18, 2026. The capital raise is subject to shareholder approval and compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The committee also approved an increase in the authorised share capital from ₹22,10,00,000 to ₹22,80,00,000. This involves creating an additional 7,00,000 equity shares of ₹10 each, increasing the total authorised capital to 2,28,00,000 shares. To facilitate these proposals, the company has scheduled an Extraordinary General Meeting (EGM) for July 15, 2026, at 11:30 A.M. via video conferencing.

Mr. Nuren Nirmal Lodaya, Practicing Company Secretary, has been appointed as the scrutinizer to oversee the e-voting process. The trading window, which was closed from April 15, 2026, for designated persons and insiders, will reopen 48 hours after the conclusion of the committee meeting. The intimation was signed by Sandeep Reginald Dsilva, Managing Director & CFO.

Preferential Allotment Details

Detail	Information
Total Shares	8,00,000 Equity Shares
Face Value	₹10 per share
Issue Price	₹125 per share
Aggregate Amount	₹10,00,00,000
Allottee Category	Non-Promoter Public

Key Meeting Dates

Event	Date
Committee Meeting	June 18, 2026
EGM Date	July 15, 2026

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-2.44%	-13.51%	-3.80%	-52.89%	+1,361.19%

Mizzen Ventures Limited reported a consolidated net profit of ₹100.54 lakh for the financial year ended March 31, 2026, compared to ₹42.79 lakh in the previous year. The company's board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026. These results were published on May 28, 2026, in the Financial Express (English) and Nava Telangana (Telugu). The statutory auditors, M/s Bhuwania & Agrawal Associates, issued an Audit Report with an unmodified opinion on the results. This declaration was made pursuant to Regulation 33(3)(d) of the Securities and Exchange Board of India (LODR) Regulations, 2015.

Consolidated Financial Performance

For the year ended March 31, 2026, the company recorded a total revenue of ₹325.58 lakh, a significant increase from ₹120.39 lakh in the prior year. Revenue from operations rose to ₹255.78 lakh from ₹50.39 lakh in FY25. Total expenses for the year stood at ₹172.81 lakh, compared to ₹76.30 lakh in the previous year. The profit before tax for the year was ₹152.77 lakh.

Metric	FY26 (Amount in ₹ lakh)	FY25 (Amount in ₹ lakh)
Revenue from operations	255.78	50.39
Total Revenue	325.58	120.39
Total Expenses	172.81	76.30
Profit before tax	152.77	44.09
Net Profit	100.54	42.79

Standalone Results

On a standalone basis, Mizzen Ventures reported a net profit of ₹70.10 lakh for FY26, up from ₹40.16 lakh in the previous year. Revenue from operations for the standalone entity was ₹108.00 lakh, compared to ₹18.00 lakh in FY25. Total revenue increased to ₹175.15 lakh from ₹88.00 lakh in the prior year.

Capital Allocation and Segment Information

The company operates in one reportable business segment. During the period, Mizzen Ventures allotted 8,10,000 fully convertible warrants of ₹10 each at an issue price of ₹52 per warrant on a preferential basis to persons other than promoters and the promoter group. The trading window for designated persons will open 48 hours after the declaration of the financial results.