Mangalam Industrial Finance Rights Issue Closes with 95.37% Subscription

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

Particulars	Details
Preliminary Subscription Rate	95.37%
Total Applications Received	51,83,921
Additional Shares Approved	49,28,728
Number of Eligible Shareholders	34

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

Particulars	Information
Meeting Date	November 28, 2025
Meeting Commencement Time	17:30 P.M. (IST)
Meeting Conclusion Time	18:00 P.M. (IST)

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.82%	-13.57%	-26.22%	-18.79%	-60.84%	+195.12%

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.