Maruti interior products Limited has announced the postponement of its Rights Issue Committee meeting that was originally scheduled for February 13, 2026. The company informed BSE Limited about this development through a formal communication under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018.

Meeting Purpose and Scope

The Rights Issue Committee meeting was planned to deliberate on several critical aspects of the proposed rights issue. The committee was expected to finalize the record date, issue price, entitlement ratio, and other essential terms and conditions for the rights offering.

Reason for Postponement

The postponement stems from the ongoing process of obtaining in-principle approval from the stock exchange for the proposed rights issue. The company indicated that this approval is currently under process, necessitating the delay in the committee meeting.

Rescheduling Timeline

Maruti Interior Products Limited has committed to conducting the Rights Issue Committee meeting on the next working day following the receipt of the in-principle approval letter from the stock exchange. This approach ensures that all regulatory requirements are met before finalizing the rights issue parameters.

Corporate Communication

The intimation was signed by Paresh Purushotam Lunagaria, Managing Director of the company, with DIN: 00320470. The company's CIN is U67100GJ2011GOI001100, and the communication was dated February 13, 2026. This follows earlier intimations dated February 9, 2026 and February 5, 2026 regarding the same matter.

The postponement reflects the company's commitment to following proper regulatory procedures before proceeding with the rights issue implementation.

Maruti Interior Products Limited's board of directors convened on February 3, 2026, to approve significant corporate actions including a substantial rights issue and strategic acquisitions. The meeting, which commenced at 6:00 p.m. and concluded at 6:45 p.m., addressed multiple agenda items aimed at strengthening the company's market position and expanding its operational footprint.

Rights Issue Details

The board approved raising funds through a rights issue of equity shares with a face value of ₹10 each, targeting an aggregate amount not exceeding ₹45,30,00,000. The rights issue will be offered to eligible equity shareholders as on the record date, which will be notified subsequently.

The detailed terms including issue price, rights entitlement ratio, record date, timing and payment terms will be determined by the Board or Rights Issue Committee in accordance with applicable laws. The issue is subject to regulatory approvals under SEBI regulations and the Companies Act, 2013.

Strategic Acquisitions

The board approved two significant acquisitions as part of its expansion strategy. Both acquisitions are subject to completion of customary conditions and requisite approvals.

HA & DL Holdings Acquisition

Arrowin Metaltech Acquisition

Board Meeting Outcomes

The board also approved the appointment of various intermediaries in connection with the rights issue and acquisitions, along with the draft Letter of Offer for the rights issue. All decisions comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and are subject to receipt of applicable regulatory and statutory approvals.

The company operates under the script code "SPITZE" (543464) on BSE Limited and continues to focus on strategic growth through both organic fundraising and inorganic expansion through targeted acquisitions.