Mangalam Industrial Finance Extends Rights Issue Closure Date, Offers Additional Time for Shareholders

Mangalam Industrial Finance Limited (MIFL) has announced an extension to its ongoing rights issue, providing shareholders with additional time to participate in the equity offering. The company's board of directors approved this extension in a meeting held on October 30, 2025.

Key Details of the Rights Issue

Particulars	Details
Issue Size	Up to 48,08,21,750 equity shares
Face Value	Re. 1 per share
Issue Price	Re. 1 per share
Total Issue Amount	Up to Rs. 48,08,21,750
Rights Entitlement Ratio	1:2 (1 rights equity share for every 2 existing shares)
Record Date	September 23, 2025

Revised Timeline

The company has extended several key dates related to the rights issue:

Event	Original Date	Revised Date
Issue Closing Date	November 7, 2025	November 14, 2025
Last Date for Rights Entitlement Trading	October 31, 2025	November 10, 2025

Updated Schedule

MIFL has provided a revised schedule for the rights issue process:

Event	Date
Issue Opening Date	October 27, 2025
Last Date for Market Renunciation of Rights Entitlements	November 10, 2025
Issue Closing Date	November 14, 2025
Finalization of Basis of Allotment (On or About)	November 19, 2025
Date of Allotment (On or About)	November 20, 2025
Date of Credit (On or About)	November 24, 2025
Date of Listing / Trading (On or About)	November 27, 2025

The extension aims to provide an additional opportunity for shareholders to exercise their rights in the issue. The company's board meeting to approve these changes commenced at 4:00 PM (IST) and concluded at 4:40 PM (IST) on October 30, 2025.

Investors and shareholders can find more information about this development on the company's website at www.miflindia.com . It is advisable for potential investors to carefully review the terms of the rights issue and consider their financial situation before making any investment decisions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.70%	-5.96%	-10.13%	-12.35%	-52.35%	+330.30%

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:

Particulars	Number of Equity Shares
Current Outstanding Shares	96,16,43,500
Shares Offered in Rights Issue	48,08,21,750
Post-Issue Outstanding Shares (Assuming Full Subscription)	1,44,24,65,250

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.