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.

Mehai Technology Limited, a company listed on the Bombay Stock Exchange (BSE: 540730), has announced a crucial meeting of its Rights Issue Committee scheduled for August 29, 2025. The committee is set to determine key parameters for the company's upcoming rights issue, which was previously approved by the Board of Directors for an amount not exceeding ₹75 crore.

Rights Issue Committee Meeting

The Rights Issue Committee, formed by the Board of Directors, will convene to finalize several critical aspects of the rights issue, including:

• Record date
• Issue price
• Entitlement ratio
• Other terms and conditions

These decisions are subject to receiving in-principle approval from the stock exchange and other required regulatory authorities.

Committee Composition

The Rights Issue Committee comprises the following members:

1. Mr. Jugal Kishore Bhagat - Chairperson
2. Mrs. Rekha Bhagat - Member
3. Mrs. Rekha Devi Bhagat - Member

Rights Issue Details

Based on the information provided in the company's regulatory filings:

The exact number of equity shares to be issued will be determined after receiving in-principle approval from the stock exchange.

Regulatory Compliance

The rights issue is subject to various regulatory approvals, including:

• Securities and Exchange Board of India (SEBI) regulations
• SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Other applicable laws and necessary approvals

Company Background

Mehai Technology Limited, with its registered office in Jaipur, Rajasthan, and corporate office in Kolkata, West Bengal, operates under the CIN: L35105RJ2013PLC066946. The company's shares are traded on the BSE under the scrip code 540730.

Investors and stakeholders are advised to await further announcements from the company regarding the finalization of the rights issue details following the upcoming committee meeting.