Mena Mani Industries Limited has successfully completed its preferential allotment of 1,86,09,957 equity shares worth Rs. 14.89 crore to 26 non-promoter investors following unanimous shareholder approval at the Extraordinary General Meeting held on December 31, 2025. The company disclosed the allotment details under Regulation 30 of SEBI (LODR) Regulations, 2015.

Allotment Structure and Pricing

The preferential allotment involved equity shares with a face value of Re. 1 each, issued at Rs. 8 per share (including a premium of Rs. 7 per share). The allotment was made for both cash and non-cash considerations as part of the company's strategic fundraising plan.

Major Investor Allocations

The allotment was distributed among 26 non-promoter investors, with Core Inc. receiving the largest allocation of 25,00,000 shares (2.10% post-allotment holding). Other significant allocations included Kamikaze Tradecom LLP with 50,78,124 shares (4.27% holding) and Mohammad Naushad Shaikh with 42,00,827 shares (3.53% holding).

EGM Approval and Voting Results

The Extraordinary General Meeting conducted through video conferencing from 5:36 PM to 5:42 PM witnessed strong shareholder support. The scrutinizer's report by Chintan K. Patel revealed unanimous approval across all three special resolutions with 5,45,86,369 votes in favour and zero votes against.

Strategic Impact and Shareholding Changes

Most allottees were new investors with no prior shareholding in the company, except Mukesh Parbatbhai Patel and Jolly Mukeshbhai Patel who increased their existing holdings. The preferential allotment forms part of the company's dual-purpose strategy combining cash infusion for working capital requirements and strategic acquisition plans.

Regulatory Compliance and Next Steps

The allotment disclosure was made under SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full regulatory compliance. The successful completion of this preferential allotment strengthens the company's capital base and positions it for executing its strategic plans including the proposed acquisition of JKV Solutions Limited.

The company's Managing Director Swetank M. Patel (DIN: 00116551) signed the regulatory disclosure, confirming the completion of all allotment formalities and the commencement of the company's expanded shareholder base with 26 new non-promoter investors.

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.