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 has successfully completed the approval process for its strategic business expansion, with shareholders formally approving alterations to the company's Memorandum of Association in an Extraordinary General Meeting held on December 31, 2025.

Shareholder Approval for Business Diversification

The company disclosed to BSE Limited on January 1, 2026, that shareholders have approved the insertion of new objects in the Main Object Clause of the Memorandum of Association. The EGM commenced at 5:36 p.m. and concluded at 5:42 p.m., with Managing Director Swetank M. Patel overseeing the proceedings.

Preferential Share Issue Details

The board had previously approved issuing 81,00,000 equity shares on a preferential basis to 23 non-promoter entities and individuals, subject to shareholder approval and regulatory compliance.

New Business Verticals Approved

Shareholders have formally approved two major business expansions:

Hotels and Resorts Operations

The company can now operate hotels, motels, resorts, lodging houses, and guest houses with associated amenities. This includes developing tourism centers, restaurants, conventions, and entertainment facilities. The scope extends to establishing partnerships with hotel chains both in India and abroad.

Mining and Quarrying Activities

Mena Mani Industries is now authorized to engage in comprehensive mining operations including prospecting, exploring, and operating mines and quarries. The company can handle various materials including precious stones, metals like gold, silver, aluminum, iron, and industrial minerals such as limestone, bauxite, and coal.

Strategic Acquisition Update

The board had also approved acquiring JKV Solutions Limited as a wholly-owned subsidiary, to be financed through the preferential equity share issue. This acquisition aligns with the company's diversification strategy into technology services.

Regulatory Compliance

All approved changes comply with the Companies Act, 2013, SEBI guidelines, and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal disclosure was made under the company's CIN: L29199GJ1992PLC018047.