NewsCorporate ActionsMangalam Industrial Finance Extends Rights Issue Closure Date to November 25Mangalam Industrial Finance Extends Rights Issue Closure Date to November 25
Mangalam Industrial Finance Limited (MIFL) has extended the closure date of its ongoing rights issue from November 19 to November 25, 2025. The rights issue offers up to 48,08,21,750 equity shares at Re. 1 per share, with a rights ratio of 1:2. The total amount to be raised is up to Rs. 48,08,21,750. The extension provides shareholders additional time to participate in the company's capital raising initiative. The revised schedule includes an issue opening date of October 27, 2025, and a new closing date of November 25, 2025, with allotment expected around November 28, 2025.
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Mangalam Industrial Finance Limited (MIFL) has announced an extension of its ongoing rights issue, providing shareholders with additional time to participate in the company's capital raising initiative.
Key Details of the Rights Issue
| Aspect | Details |
|---|---|
| Issue Size | Up to 48,08,21,750 equity shares |
| Face Value | Re. 1 per share |
| Issue Price | Re. 1 per share |
| Total Amount | Up to Rs. 48,08,21,750 |
| Rights Ratio | 1:2 (1 rights equity share for every 2 fully paid-up equity shares held) |
| Record Date | September 23, 2025 |
Extended Timeline
The company has revised the closure date of its rights issue from November 19 to November 25, 2025. This extension aims to offer shareholders more time to exercise their rights and participate in the issue.
Revised Issue Schedule
| Event | Date |
|---|---|
| Issue Opening Date | October 27, 2025 |
| Last Date for Market Renunciation | November 10, 2025 |
| Issue Closing Date | November 25, 2025 |
| Basis of Allotment (on or about) | November 28, 2025 |
| Date of Allotment (on or about) | November 28, 2025 |
| Date of Credit (on or about) | December 4, 2025 |
| Date of Listing/Trading (on or about) | December 9, 2025 |
The decision to extend the rights issue closure date was made during a board meeting held on November 18, 2025. This extension provides an opportunity for eligible shareholders who may not have exercised their rights earlier to participate in the company's fundraising efforts.
Investors and shareholders are advised to take note of this extension and the revised schedule. For more information, interested parties can visit the company's website at www.miflindia.com .
Mangalam Industrial Finance Limited is traded on the BSE.
Historical Stock Returns for Mangalam Industrial Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.67% | -6.41% | -5.19% | -15.61% | -53.21% | +386.67% |
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