Mehai Technology Limited (MTL) has entered into a significant loan agreement with its subsidiary, Mehai Aqua Private Limited (MAPL), as disclosed in a recent regulatory filing. The agreement outlines an unsecured loan facility of up to ₹9.10 crores, aimed at refinancing MAPL's existing debt.

Key Details of the Loan Agreement

Relationship and Terms

Mehai Technology Limited holds a substantial 95.10% of the paid-up share capital in Mehai Aqua Private Limited, establishing this as a related party transaction. The company has affirmed that the transaction is conducted at arm's length, adhering to regulatory requirements.

Loan Utilization and Repayment

The loan facility is designed to be flexible, allowing MAPL to draw funds as needed over time. This structure may provide MAPL with the ability to manage its debt more effectively, potentially reducing its interest burden by refinancing higher-cost debt from UCO Bank.

Regulatory Compliance

MTL has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's proactive disclosure aligns with transparency norms expected of listed entities in India.

This strategic financial move by Mehai Technology Limited underscores the company's commitment to supporting its subsidiary's financial health. By providing a lower-interest loan facility, MTL may be aiming to optimize the group's overall financial structure and potentially improve MAPL's operational flexibility.

Mehai Technology has successfully completed its rights issue, raising ₹74.11 crore through the issuance of equity shares. The company, which specializes in technology solutions, saw its rights issue open on September 26, 2025, and close on October 17, 2025, as per the official announcement.

Rights Issue Details

The Rights Issue Committee of the Board had approved the terms of the issuance on September 12, 2025. Here are the key details of the rights issue:

Company Background

Mehai Technology, with its registered office in Jaipur, Rajasthan, and corporate office in Kolkata, West Bengal, operates under the CIN: L35105RJ2013PLC066946.

Management Statement

Jugal Kishore Bhagat, the Managing Director of Mehai Technology, confirmed the successful closure of the rights issue. In the official intimation to the BSE, he stated, "The Issue opened on Friday, September 26, 2025 at 9.00 A.M. (IST) and closed today i.e. Friday, October 17, 2025 at 5.00 P.M. (IST)."

Regulatory Compliance

The rights issue was conducted in accordance with the Companies Act, 2013, and the rules made thereunder, as amended. It also adhered to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws.

The successful completion of this rights issue may provide Mehai Technology with additional capital to fund its operations and growth initiatives.

Note: This article is based on the official announcement made by Mehai Technology to the BSE. Investors are advised to conduct their own research and consult financial advisors before making investment decisions.