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.

Mehai Technology Limited has announced its intention to explore fund raising initiatives, signaling potential growth plans for the company. The technology firm has scheduled a crucial board meeting to discuss and consider various fund raising options.

Board Meeting Details

According to a regulatory filing, Mehai Technology's board of directors is set to convene on Friday, August 22, 2025. The primary agenda for this meeting is to deliberate on a proposal for fund raising through various means.

Potential Fund Raising Methods

The company is considering multiple avenues for raising capital, including:

• Issuance of equity shares
• Rights issue
• Other permissible modes under applicable laws

The exact method of fund raising will be determined during the board meeting, subject to necessary regulatory and statutory approvals.

Management's Statement

Rekha Bhagat, Director of Mehai Technology, stated in the filing, "A meeting of the board of directors of the Company is scheduled to be held on Friday, August 22, 2025 to consider inter-alia the proposal of fund raising by way of equity shares or other securities of the Company through a rights issue and/or any other permissible mode, as may be permitted under applicable law."

Market Implications

While the company has not disclosed specific details about the amount or timeline of the potential fundraising, this move suggests that Mehai Technology may be gearing up for expansion or new initiatives. The outcome of the board meeting will be closely watched by investors and market analysts alike.

Mehai Technology, headquartered in Jaipur, Rajasthan, operates in the technology sector.

Investors and stakeholders are advised to await further announcements from the company regarding the decisions made at the upcoming board meeting.