Mehai Technology Limited has unveiled plans for a significant rights issue, aiming to raise up to ₹74.11 crore through the offering of new equity shares. The company's Rights Issue Committee, in a meeting held on September 12, 2025, approved the terms of this capital-raising initiative.

Rights Issue Details

The rights issue will offer up to 37,05,30,000 fully paid-up equity shares at a price of ₹2 per share, which includes a face value of ₹1 and a premium of ₹1. Mehai Technology is providing these shares in a 1:1 ratio, meaning eligible shareholders can subscribe to one new equity share for every one existing share held.

Key Dates

Impact on Share Capital

Currently, Mehai Technology has 37,05,30,000 outstanding equity shares. Assuming full subscription to the rights issue, the company's total number of equity shares would double to 74,10,60,000.

Regulatory Compliance

The company has received in-principle approval from BSE Limited for the rights issue, as confirmed in a letter dated September 11, 2025. This approval is a crucial step in the regulatory process for the rights issue.

Management Statement

Jugal Kishore Bhagat, Managing Director of Mehai Technology Limited, signed off on the rights issue announcement, demonstrating the company's commitment to this capital-raising effort.

Investor Considerations

Shareholders of Mehai Technology should note the important dates, particularly the record date of September 18, 2025, which will determine eligibility for participating in the rights issue. The rights issue provides an opportunity for existing shareholders to increase their stake in the company at a predetermined price.

Mehai Technology Limited, with its registered office in Jaipur and corporate office in Kolkata, operates under CIN: L35105RJ2013PLC066946. As the rights issue progresses, investors are advised to review the Letter of Offer, which will contain detailed terms and conditions of the issue, including information on fractional entitlements.

This rights issue represents a significant move for Mehai Technology, potentially strengthening its capital base and providing funds for future growth initiatives. Shareholders and potential investors should carefully consider the terms of the rights issue and consult with their financial advisors before making investment decisions.

Mehai Technology Limited has received a significant boost to its capital raising plans. The company announced that it has secured in-principle approval from BSE Limited for a rights issue of equity shares worth up to ₹75.00 crores.

Key Highlights

• BSE Limited granted in-principle approval for Mehai Technology's rights issue
• The rights issue is valued at up to ₹75.00 crores
• Approval letter reference: LOD/Rights/MV/FIP/867/2025-26 dated September 11, 2025
• The rights issue was initially approved by the company's Board of Directors on August 22, 2025

Details of the Approval

Mehai Technology Limited, with its registered office in Jaipur, Rajasthan, and corporate office in Kolkata, West Bengal, received the green light from BSE Limited to proceed with its planned rights issue. The approval marks a positive development for the company's fundraising efforts.

Jugal Kishore Bhagat, the Managing Director of Mehai Technology Limited, made the announcement, highlighting the importance of this approval in the company's strategic plans. The rights issue, which allows existing shareholders to purchase additional shares at a discounted price, is set to infuse up to ₹75.00 crores into the company.

Timeline and Next Steps

The journey towards this rights issue began on August 22, 2025, when Mehai Technology's Board of Directors initially approved the plan. With the BSE's in-principle approval now secured, the company is poised to move forward with the next stages of the rights issue process.

Specific details about the rights issue, such as the price per share and the rights entitlement ratio, have not been disclosed in the current announcement.

Company Background

Mehai Technology Limited operates from its registered office at Plot No. H-394 RIICO, Sarna Dungar Amber, Industrial Area Jhotwara, Jaipur 302012, Rajasthan. The company's corporate office is located at 144, Dakshindari Road, Sreebhumi, North 24 Pgs. Kolkata-700048, West Bengal.