Mangalam Industrial Finance Limited (MIFL) has announced a significant move to raise capital through a rights issue. The company's Board of Directors, in a meeting held on September 17, 2025, approved the issuance of 48,08,21,750 equity shares at Re. 1 per share, aiming to raise a total of Rs. 48.08 crore.

Key Details of the Rights Issue

• Issue Size: 48,08,21,750 equity shares
• Issue Price: Re. 1 per share
• Total Amount: Rs. 48.08 crore
• Record Date: September 23, 2025
• Rights Entitlement Ratio: 1 new equity share for every 2 shares held

Impact on Share Capital

The rights issue is set to significantly expand MIFL's share capital:

Terms and Conditions

• Eligible shareholders will need to pay the full amount of Re. 1 per equity share upon application.
• The detailed terms of the rights issue will be specified in the Letter of Offer, which will be sent to eligible shareholders.

Board Meeting Details

The Board meeting where this decision was made commenced at 11:00 A.M. (IST) and concluded at 11:40 A.M. (IST) on September 17, 2025. The company has stated that this information will be available on its website at www.miflindia.com .

Regulatory Compliance

This announcement is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows SEBI guidelines for rights issues.

Investors and shareholders are advised to keep an eye out for the Letter of Offer, which will contain more detailed information about the rights issue and the application process. As always, it is recommended that investors carefully consider the terms and their own financial situation before making any investment decisions.

Mangalam Industrial Finance Limited (MIFL) has announced a crucial board meeting scheduled for September 17, 2025, to make key decisions regarding its proposed rights issue of up to Rs 4,900.00 lakhs. The company aims to finalize important aspects of the rights issue in this meeting.

Key Decisions on the Agenda

The board meeting will address several critical points related to the rights issue:

1. Issue Price: The board will determine the price per equity share for the proposed rights issue.
2. Issue Size and Rights Entitlement: Directors will decide on the total number of equity shares to be issued and the ratio in which they will be offered to existing shareholders.
3. Record Date: The meeting will fix the date to identify eligible shareholders who will be entitled to participate in the rights issue.

Background and Approvals

MIFL has already received in-principle approval from BSE Limited for this rights issue, as referenced in the BSE letter dated April 16, 2025 (Ref. No: LOD/RIGHT/AM/FIP/69/2025-26). This approval sets the stage for the company to proceed with its capital raising plans.

Trading Window Closure

In compliance with insider trading regulations, MIFL has announced the closure of the trading window for all designated and connected persons. The window will remain closed from September 12, 2025, until 48 hours after the conclusion of the board meeting on September 17, 2025. This measure is taken to prevent insider trading and ensure fair market practices during this sensitive period.

Implications for Shareholders

The upcoming rights issue presents a significant opportunity for existing shareholders of Mangalam Industrial Finance Limited. Depending on the decisions made in the board meeting, shareholders may have the chance to increase their stake in the company at a potentially attractive price point.

Investors and market participants are advised to keep a close watch on the outcome of this board meeting, as it will provide crucial details about the rights issue, including the price, entitlement ratio, and eligibility criteria for participation.

The company's move to raise capital through a rights issue indicates its intent to strengthen its financial position, which could potentially fund expansion plans, debt reduction, or other strategic initiatives. As more details emerge following the board meeting, shareholders will be better positioned to make informed decisions regarding their participation in this corporate action.