Mega Nirman & Industries Limited's Board of Directors has approved a significant capital raising initiative through a rights issue of equity shares worth Rs. 50.00 crores. The decision was taken during a board meeting held on February 25, 2026, marking a strategic move to strengthen the company's financial position.

Rights Issue Details

The board approved the issuance of equity shares with specific parameters designed to benefit existing shareholders:

The rights issue will be offered to eligible equity shareholders of the company as on the record date, which will be notified subsequently. This approach ensures that existing shareholders receive preferential treatment in the capital raising process.

Regulatory Framework and Approvals

The rights issue has been structured in compliance with multiple regulatory requirements. The company will proceed under the provisions of:

• Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Companies Act, 2013 and associated rules and regulations

The implementation remains subject to receipt of applicable regulatory and statutory approvals as required under these frameworks. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, providing comprehensive details as required under the SEBI Master Circular dated November 11, 2024.

Rights Issue Committee Formation

To ensure efficient execution of the rights issue, the board has constituted a dedicated Rights Issue Committee. This committee will have the authority to determine crucial aspects of the offering:

• Issue price determination
• Rights entitlement ratio calculation
• Record date finalization
• Payment timing and schedule
• Other terms and conditions as required

The committee will operate in accordance with applicable laws and will finalize these parameters from time to time, subject to receipt of necessary approvals.

Formal Documentation and Compliance

The company has submitted formal documentation to the Bombay Stock Exchange Limited regarding the board meeting outcome. The comprehensive disclosure includes detailed annexure providing specific information about the proposed securities issuance:

The board meeting commenced at 12 noon and concluded at 4:00 p.m. on February 25, 2026. Company Secretary & Compliance Officer Kanika Chawla has signed the formal communication to the exchange, ensuring all regulatory requirements are met.

Mega Nirman & Industries Limited, an ISO 9001:2015 certified company, continues to maintain transparency in its corporate governance practices through timely regulatory filings and stakeholder communications.

Mega Nirman & Industries Limited has successfully concluded its postal ballot process, with shareholders demonstrating strong support for key corporate governance and financial management resolutions. The company announced the voting results on February 24, 2026, following the completion of remote e-voting that ran from January 23, 2026, to February 21, 2026.

Postal Ballot Overview

The postal ballot process covered three critical resolutions requiring shareholder approval. The company had 2577 shareholders on the record date of January 16, 2026, with the voting conducted entirely through remote e-voting facility provided by NSDL.

Resolution Details and Voting Results

The postal ballot addressed three key corporate matters, with shareholders showing overwhelming support across all resolutions.

Resolution 1: Statutory Auditor Appointment

Shareholders approved the appointment of M/s. Krishan Rakesh & Co. (FRN: 009088N) as statutory auditors to fill the casual vacancy caused by the resignation of the previous auditor. This ordinary resolution received strong backing from both promoter and public shareholders.

Resolution 2: Borrowing Limit Increase

The special resolution for increasing borrowing limits under Section 180(1)(c) of the Companies Act 2013 was approved with identical voting patterns, reflecting shareholder confidence in the company's financial expansion plans.

Resolution 3: Investment and Guarantee Powers

The third resolution regarding approval to grant loans, make investments, and provide guarantees under Section 186 of the Companies Act 2013 received the same voting numbers as the other resolutions but was marked as "Not Passed" in the official documentation, despite receiving 99.98% approval.

Scrutinizer's Report and Process Validation

CS Chandan Jha of Chandan J & Associates served as the scrutinizer for the postal ballot process. The scrutinizer's report confirmed that 59 members cast their votes totaling 552769 votes through the e-voting process. The votes were unblocked on February 23, 2026, in the presence of two independent witnesses, Mr. Dishant Manocha and Mr. Nikhil Mishra.

Regulatory Compliance

The postal ballot was conducted in full compliance with the Companies Act 2013, SEBI Listing Obligations and Disclosure Requirements Regulations 2015, and relevant MCA circulars. The company published the voting information in Financial Express (English) and Jansatta (Hindi) newspapers on January 22, 2026, ensuring proper disclosure to all stakeholders.

The resolutions were deemed to have been passed effectively on February 21, 2026, the last date specified for remote e-voting. The detailed voting results and scrutinizer's report are available on the company's website at www.mnil.in and NSDL's e-voting portal at www.evoting.nsdl.com .