Mena Mani Industries Plans Rs. 14.89 Crore Preferential Share Allotment: EGM Called for December 31

Mena Mani Industries Limited (MMIL) has announced an Extraordinary General Meeting (EGM) scheduled for December 31, 2025, to seek shareholder approval for a significant preferential allotment of equity shares. The company plans to issue 1.86 crore equity shares at Rs. 8.00 per share, aiming to raise a total of Rs. 14.89 crore.

Key Details of the Preferential Allotment

Particulars	Details
Total Shares to be Issued	1.86 crore
Issue Price per Share	Rs. 8.00
Total Amount to be Raised	Rs. 14.89 crore
Cash Component	Rs. 6.48 crore
Share Swap Component	Rs. 8.41 crore

Dual Purpose Fundraising

The preferential allotment serves two primary purposes:

Cash Infusion: MMIL plans to raise Rs. 6.48 crore in cash, which will be allocated towards working capital requirements. This move is likely aimed at strengthening the company's operational capabilities.
Strategic Acquisition: The company intends to acquire a 100% stake in JKV Solutions Limited through a share swap valued at Rs. 8.41 crore. This acquisition could potentially expand MMIL's business portfolio or enhance its existing operations.

Financial Context

To put this fundraising in perspective, let's look at some key financial metrics of Mena Mani Industries:

Financial Metric	FY 2025 (in Rs. crore)	YoY Change
Total Assets	14.20	-51.86%
Current Assets	8.90	-61.97%
Revenue	16.50	28.91%
Net Profit	0.10	0.00%

The company's decision to raise funds comes against a backdrop of declining assets but growing revenues. The substantial decrease in total assets (-51.86% YoY) and current assets (-61.97% YoY) suggests that the company may be facing liquidity challenges, which this fundraising could help address.

Potential Implications

Improved Working Capital: The cash component of Rs. 6.48 crore could boost the company's working capital, potentially leading to smoother operations and better inventory management.
Strategic Growth: The acquisition of JKV Solutions Limited may bring new capabilities or market access to MMIL, potentially driving future growth.
Dilution of Existing Shareholding: The issuance of new shares will lead to dilution for existing shareholders. However, if the funds are effectively utilized, it could lead to long-term value creation.
Financial Health: While the company's revenue has shown growth (28.91% YoY), the flat net profit suggests challenges in profitability. The infusion of funds and strategic acquisition could potentially help improve the bottom line.

Investors and market watchers will be keenly observing how Mena Mani Industries utilizes these funds and integrates JKV Solutions Limited into its operations. The success of this move will likely depend on the company's ability to leverage the additional capital and new acquisition to drive growth and improve its financial position in the coming years.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.85%	+9.34%	-7.27%	+8.84%	-4.42%	+72.46%

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:

Allottee	Number of Shares	Category
Core Inc.	25,00,000	Non-Promoter
Sixer Infotech India Pvt Ltd	6,25,000	Non-Promoter
AV Estates	6,25,000	Non-Promoter
VSHM Asset Management LLP	6,25,000	Non-Promoter
Mannat Estates	6,25,000	Non-Promoter
Ankur Ashok Chatrurvedi	5,00,000	Non-Promoter
Purna Ashutosh Pandya	5,00,000	Non-Promoter
Other Individual Investors	21,00,000	Non-Promoter
Total	81,00,000

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:

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