Mangalam Industrial Finance Limited (MIFL) has successfully completed a significant rights issue, substantially increasing its paid-up equity share capital. The company's Rights Issue Committee approved the allotment of shares on December 1, 2025, marking a notable expansion in its capital structure.

Key Details of the Rights Issue

Impact on Share Capital

The rights issue has led to a substantial increase in MIFL's paid-up equity share capital:

This capital expansion represents a significant 48.20% increase in the company's paid-up equity share capital, potentially strengthening its financial position and providing additional resources for future growth initiatives.

Financial Context

Examining MIFL's recent balance sheet data provides additional context to this capital raise:

The company's decision to raise capital through a rights issue comes against a backdrop of modest growth in total assets and equity, coupled with a significant decrease in current assets and an increase in current liabilities over the past year.

Implications and Outlook

The successful completion of this rights issue could potentially address MIFL's liquidity position, given the recent decline in current assets. The additional capital may provide the company with the financial flexibility to manage its increased current liabilities and potentially fund future growth initiatives.

Investors and market watchers will likely be keen to observe how Mangalam Industrial Finance utilizes this fresh capital injection to strengthen its balance sheet and pursue its strategic objectives in the coming quarters.

Mangalam Industrial Finance Limited (MIFL) has successfully concluded its rights issue, achieving a preliminary subscription rate of 95.37% after removing technical rejections. The company's board of directors, in a meeting held on November 28, 2025, approved key details of the rights issue outcome.

Rights Issue Highlights

The board unanimously resolved to approve the inclusion of 49,28,728 additional equity shares. These shares were received from 34 eligible equity shareholders who had renounced their Rights Entitlements and applied for additional equity shares beyond their original entitlements.

Board Meeting Details

The company has stated that the detailed outcome of the board meeting will be available on its official website at www.miflindia.com .

This rights issue outcome demonstrates a strong interest from existing shareholders in increasing their stake in the company. The high subscription rate, coupled with applications for additional shares, suggests confidence in Mangalam Industrial Finance's future prospects.

Investors and stakeholders are advised to refer to the company's official communications for any further details or clarifications regarding the rights issue outcome.