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.

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.