Maha Rashtra Apex Corporation Limited has announced its board's approval for a rights issue to raise funds for business expansion. The company disclosed this development following a board meeting held on December 18, 2025, in compliance with SEBI listing regulations.

Rights Issue Details

The board approved raising funds through the issuance and allotment of equity shares with specific parameters:

The rights issue will be offered to eligible equity shareholders as on the record date, which will be notified subsequently. The issue is subject to receipt of regulatory and statutory approvals in accordance with the provisions of Section 62(1)(a) of the Companies Act, 2013, and applicable laws including SEBI regulations.

Board Meeting Proceedings

The board meeting commenced at 12:00 Noon and concluded at 3:00 PM on December 18, 2025. The board approved several key decisions beyond the rights issue:

The Rights Issue Committee will have the authority to determine the final terms and conditions of the issue at a later date, providing flexibility in execution based on market conditions and regulatory requirements.

Regulatory Compliance and Documentation

The company has ensured full compliance with regulatory requirements for this announcement. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary and compliance officer, Jamsheed M Panday, signed the official communication to stock exchanges.

Market Communication

The company has informed both major stock exchanges about this development:

This rights issue represents Maha Rashtra Apex Corporation's move to strengthen its capital base and fund future growth initiatives. The company will provide further details about the record date, issue timeline, and specific terms once the Rights Issue Committee finalizes the arrangements and receives necessary regulatory approvals.

Maharashtra Apex Corporation Limited has issued a clarification to BSE Limited regarding recent price movements in its shares, responding to a surveillance inquiry dated December 16, 2025.

Company's Response to BSE Inquiry

The company received a surveillance letter from BSE with reference number L/SURV/ONL/PV/AJ/2025-2026/3214 and provided a comprehensive response on December 17, 2025. Maharashtra Apex Corporation emphasized that it has made all necessary disclosures under SEBI (LODR) Regulations, 2015, within the stipulated timeframes as and when required.

Disclosure Compliance and Transparency

The company stated that all information furnished is currently in the public domain. As of the date of the clarification, Maharashtra Apex Corporation has disclosed all events and information that have a bearing on the company's operations and performance, including all price-sensitive information.

Market-Driven Price Movement

Maharashtra Apex Corporation clarified that the movement in its share price is purely due to market conditions and is absolutely market-driven. The company's management emphasized that it is in no way connected with any such movement in price. Consequently, the company stated it is not in a position to comment on the movement in the share price across exchanges in the recent past.

Regulatory Commitment

The company reiterated its commitment to comply with SEBI (LODR) Regulations, 2015, and assured that it will keep the stock exchanges duly informed of all material events and information, including price-sensitive information. This reaffirmation demonstrates the company's dedication to maintaining transparency and regulatory compliance.

The clarification was signed by Jamsheed M Panday, Company Secretary and Compliance Officer, reinforcing the company's formal response to the regulatory inquiry.