Mena Mani Industries Completes Major Equity Allotment Worth Rs. 12.69 Crores

2 min read     Updated on 09 Mar 2026, 08:10 PM
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Reviewed by
Riya DScanX News Team
Overview

Mena Mani Industries Limited successfully completed a major preferential allotment worth Rs. 12.69 crores, issuing 1,58,59,957 equity shares to 21 non-promoter investors at Rs. 8 per share. The allotment included both cash and non-cash considerations, with Core Inc. receiving the largest allocation of 25 lakh shares representing 2.15% post-allotment shareholding.

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*this image is generated using AI for illustrative purposes only.

Mena mani industries Limited has announced the completion of a significant preferential allotment of 1,58,59,957 equity shares worth Rs. 12,68,79,656 on March 9, 2026. The Board of Directors approved the allotment during their meeting held at the company's registered office, marking a substantial capital raising exercise conducted under Regulation 30 of SEBI (LODR) Regulations, 2015.

Preferential Allotment Details

The company allotted equity shares to 21 non-promoter investors through a combination of cash and non-cash considerations. The allotment was conducted in accordance with the Companies Act, 2013 and SEBI regulations, with shares issued at Rs. 8 per share including a premium of Rs. 7.

Parameter: Details
Total Shares Allotted: 1,58,59,957 equity shares of Re. 1/- each
Issue Price: Rs. 8/- per share (including premium of Rs. 7/-)
Total Consideration: Rs. 12,68,79,656/-
Premium Amount: Rs. 11,10,19,699/-
Investor Category: All Non-Promoters
Consideration Type: Cash & Other than Cash

Major Investors and Allocation

The allotment includes both individual and corporate investors, with Core Inc. receiving the largest allocation of 25,00,000 shares representing 2.15% post-allotment shareholding. The distribution shows a strategic mix of investors across different investment categories.

Investor: Shares Allocated Post-Allotment % Consideration
Core Inc.: 25,00,000 2.15% Cash
Ankur Ashok Chaturvedi: 5,00,000 0.43% Cash
Purna Ashutosh Pandya: 5,00,000 0.43% Cash
Kamikaze Tradecom LLP: 50,78,124 4.27% Other than Cash
Mohammad Naushad Shaikh: 42,00,827 3.53% Other than Cash
Abdul Memon: 12,31,006 1.03% Other than Cash

Cash vs Non-Cash Distribution

The allotment structure reveals a strategic approach with 53,00,000 shares allocated for cash consideration and 1,05,59,957 shares for non-cash consideration. The non-cash component represents the larger portion of the allotment, indicating potential asset or service-based transactions.

Consideration Type: Shares Allocated Number of Investors
Cash Investors: 53,00,000 shares 18 investors
Non-Cash Investors: 1,05,59,957 shares 3 investors
Total Allocation: 1,58,59,957 shares 21 investors

Strategic Context and Capital Enhancement

This preferential allotment follows the company's recent acquisition of 100% equity shares in JKV Solutions Limited, which was completed through a separate share swap arrangement valued at Rs. 8,40,79,656. The JKV Solutions acquisition established Mena Mani's presence in the software and IT services sector, with the target company reporting a turnover of Rs. 285.30 lacs.

The combined effect of both transactions significantly strengthens Mena Mani Industries' capital base and strategic positioning. The preferential allotment provides additional financial resources while diversifying the investor base with 21 new non-promoter stakeholders, demonstrating the company's commitment to growth through strategic capital optimization and business expansion.

Mena Mani Industries Reports Q3FY26 Financial Results Under Regulation 33

2 min read     Updated on 15 Feb 2026, 12:09 AM
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Reviewed by
Jubin VScanX News Team
Overview

Mena Mani Industries announced Q3FY26 financial results showing revenue growth of 23.3% to ₹598.66 lakhs compared to ₹485.39 lakhs in Q3FY25, while profit declined significantly to ₹2.72 lakhs from ₹19.24 lakhs. The nine-month performance demonstrated strong revenue growth of 70.5% to ₹1,224.94 lakhs, though profitability remained under pressure with earnings per share at ₹0.00 for the quarter.

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*this image is generated using AI for illustrative purposes only.

Mena Mani Industries Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 14, 2026, from 5:00 p.m. to 6:20 p.m. at the company's registered office in Ahmedabad, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quarterly Financial Performance

The company's financial performance for Q3FY26 showed mixed results compared to the corresponding period in the previous year. Revenue from operations demonstrated strong growth, while profitability faced challenges during the quarter.

Metric: Q3FY26 Q2FY26 Q3FY25 Change (YoY)
Revenue from Operations: ₹598.66 lakhs ₹213.51 lakhs ₹485.39 lakhs +23.3%
Total Revenue: ₹598.66 lakhs ₹213.51 lakhs ₹502.89 lakhs +19.0%
Total Expenses: ₹595.94 lakhs ₹220.27 lakhs ₹483.65 lakhs +23.2%
Profit Before Tax: ₹2.72 lakhs (₹6.76 lakhs) ₹19.24 lakhs -85.9%
Profit for the Period: ₹2.72 lakhs (₹6.76 lakhs) ₹19.24 lakhs -85.9%

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company's performance showed resilience with improved operational metrics compared to the same period in the previous year.

Parameter: 9M FY26 9M FY25 Change (%)
Revenue from Operations: ₹1,224.94 lakhs ₹718.46 lakhs +70.5%
Total Revenue: ₹1,224.94 lakhs ₹791.46 lakhs +54.8%
Total Expenses: ₹1,213.04 lakhs ₹731.30 lakhs +65.9%
Profit Before Tax: ₹11.90 lakhs ₹60.16 lakhs -80.2%
Profit for the Period: ₹11.90 lakhs ₹60.16 lakhs -80.2%

Expense Breakdown

The company's expense structure for Q3FY26 was primarily driven by material costs and operational expenses. Purchase of stock-in-trade constituted the largest expense component at ₹589.80 lakhs, compared to ₹435.61 lakhs in Q3FY25. Employee benefits expense increased to ₹2.25 lakhs versus ₹1.80 lakhs in the corresponding quarter of the previous year.

Depreciation and amortization expense decreased to ₹2.86 lakhs in Q3FY26 from ₹4.15 lakhs in Q3FY25. Other expenses were recorded at ₹8.28 lakhs compared to ₹19.83 lakhs in the same quarter last year, indicating improved cost management in certain operational areas.

Earnings Per Share

The company's earnings per share (EPS) for Q3FY26 was ₹0.00 on both basic and diluted basis, compared to ₹0.02 in Q3FY25. The paid-up equity share capital remained constant at ₹1,003.47 lakhs with a face value of ₹1.00 per share throughout the reporting periods.

Regulatory Compliance and Governance

The financial results were prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The statutory auditors N.S. Nanavati & Co., Chartered Accountants, conducted a limited review of the results as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The results were reviewed by the Audit Committee before being approved by the Board of Directors. Managing Director Swetank M. Patel (DIN: 00116551) digitally signed the regulatory filing submitted to BSE Limited under scrip code MENAMANI.

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