Maruti Interior Products Limited's board of directors convened on February 3, 2026, to approve significant corporate actions including a substantial rights issue and strategic acquisitions. The meeting, which commenced at 6:00 p.m. and concluded at 6:45 p.m., addressed multiple agenda items aimed at strengthening the company's market position and expanding its operational footprint.

Rights Issue Details

The board approved raising funds through a rights issue of equity shares with a face value of ₹10 each, targeting an aggregate amount not exceeding ₹45,30,00,000. The rights issue will be offered to eligible equity shareholders as on the record date, which will be notified subsequently.

The detailed terms including issue price, rights entitlement ratio, record date, timing and payment terms will be determined by the Board or Rights Issue Committee in accordance with applicable laws. The issue is subject to regulatory approvals under SEBI regulations and the Companies Act, 2013.

Strategic Acquisitions

The board approved two significant acquisitions as part of its expansion strategy. Both acquisitions are subject to completion of customary conditions and requisite approvals.

HA & DL Holdings Acquisition

Arrowin Metaltech Acquisition

Board Meeting Outcomes

The board also approved the appointment of various intermediaries in connection with the rights issue and acquisitions, along with the draft Letter of Offer for the rights issue. All decisions comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and are subject to receipt of applicable regulatory and statutory approvals.

The company operates under the script code "SPITZE" (543464) on BSE Limited and continues to focus on strategic growth through both organic fundraising and inorganic expansion through targeted acquisitions.

Maruti Interior Products Limited has announced a board meeting scheduled for February 2, 2026, to deliberate on significant strategic initiatives including potential acquisitions and fund raising activities. The company informed BSE Limited about the upcoming meeting through an official communication dated January 27, 2026.

Meeting Agenda and Strategic Initiatives

The board meeting, to be held at the company's registered office on Monday, February 2, 2026, will focus on several key strategic matters that could shape the company's future growth trajectory.

Proposed Acquisitions

The board will consider proposals for acquiring two companies during the meeting. The first potential acquisition involves Arrowin Metaltech (India) Pvt. Ltd., while the second focuses on HA & DL Holdings Pte. Ltd., a Singapore-based entity. These acquisitions could potentially expand the company's operational capabilities and market presence.

Fund Raising Initiatives

In addition to the acquisition proposals, the board will discuss various fund raising options to support the company's future growth plans. This indicates the management's commitment to strengthening the company's financial position and expanding its business operations.

Regulatory Compliance

The meeting notification was issued in compliance with Regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. Managing Director Paresh P. Lunagaria (DIN: 00320470) signed the official communication, ensuring proper regulatory adherence and transparency with stakeholders.

The company trades on BSE with the script code 543464 under the script ID "spitze". The formal notification demonstrates the company's commitment to maintaining transparent communication with investors and regulatory authorities regarding significant corporate developments.