Mena Mani Industries has announced significant corporate actions following a board meeting held on November 18, 2025. The company's board has approved a series of strategic decisions aimed at expanding its business operations and capital structure.

Preferential Share Issue

The board has given the green light for issuing 81,00,000 equity shares on a preferential basis to 23 non-promoter entities and individuals. This move is subject to shareholder approval and compliance with relevant regulations, including the Companies Act, 2013, and SEBI guidelines.

Key details of the preferential issue:

Acquisition of JKV Solutions Limited

The board has approved the acquisition of JKV Solutions Limited, a software company, as a wholly-owned subsidiary. This acquisition is set to be financed through the issuance and allotment of equity shares on a preferential basis, subject to shareholder approval.

Expansion of Business Objects

Mena Mani Industries plans to diversify its business portfolio. The board has approved alterations to the company's Memorandum of Association, adding new objects related to:

1. Hotels and Resorts: The company plans to enter the hospitality sector, including the operation and management of hotels, motels, resorts, and related facilities.

2. Mining Operations: Mena Mani Industries aims to expand into mining activities, including exploration, extraction, and processing of various minerals and ores.

These additions to the company's main objects are subject to shareholder approval at the upcoming General Meeting.

Management Authorization

The board has authorized Mr. Swetank M. Patel, Managing Director of the company, to undertake necessary actions to implement these decisions.

These strategic moves by Mena Mani Industries signal a significant shift in the company's business focus and capital structure. Shareholders and potential investors may want to closely monitor how these changes could impact the company's future performance and market position.

Mena Mani Industries Limited , a company listed on the BSE, has reported a loss of Rs. 6.76 lakhs for the quarter ended September 30, 2025, according to its latest financial results. The company has also rescheduled several critical decisions, highlighting ongoing financial challenges.

Financial Performance

The company's financial results for Q2 FY2026 reveal a concerning picture:

Despite a year-on-year increase in revenue, the company's profitability has significantly declined. The loss in Q2 FY2026 stands in contrast to the profit of Rs. 51.42 lakhs in the same quarter of the previous year.

Financial Position

The balance sheet as of September 30, 2025, reveals some concerning figures:

• Negative Equity: The company's total equity stands at negative Rs. 75.11 lakhs, indicating financial stress.
• High Borrowings: Non-current borrowings amount to Rs. 1470.69 lakhs, which is significantly high compared to the company's assets and equity position.
• Working Capital Issues: Current liabilities have increased to Rs. 228.00 lakhs from Rs. 39.77 lakhs as of March 31, 2025, potentially indicating liquidity challenges.

Rescheduled Board Decisions

In light of these financial challenges, Mena Mani Industries has rescheduled several key decisions to November 18, 2025:

1. Consideration of an increase in Authorized Capital
2. Potential fundraising through the issue of Equity Shares on a Preferential Basis
3. Proposed acquisition of a Software Company to make it a wholly-owned subsidiary

These postponed decisions suggest that the company is exploring various options to improve its financial position and possibly diversify its operations.

Implications for Stakeholders

The current financial situation of Mena Mani Industries may raise concerns among shareholders and potential investors. The negative equity position and high borrowings could impact the company's ability to raise additional capital or secure favorable terms for future financing.

The rescheduling of key decisions, particularly those related to capital raising and potential acquisitions, indicates that the company's management is carefully considering its strategic options in the face of financial challenges.

Investors and market observers will likely be watching closely for the outcomes of the rescheduled board meeting on November 18, 2025, as these decisions could significantly impact the company's future direction and financial health.