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


























