Mega Nirman’s Rights Issue Revolution: Shareholders Get a Golden Ticket to Growth

Mega Nirman & Industries Ltd has proposed the issue of equity shares on a 1:1 basis of rights issue, an opportunity for current shareholders to double their holding by subscribing to one new equity share for each share held. The strategic move is to strengthen the capital base of the company and initiate future growth opportunities.

 

Key Highlights

 

Rights Issue Ratio: One additional share for every share that is already in the ownership of the shareholders (1:1 rights issue).

 

Strategic Growth: The rights issue will be used to raise capital to finance business opportunities and to support the company's long-term funds.

 

Recent Board Approval: The company board recently approved the issue, with the related resolutions being finalized in the recent board meeting.

 

Previous Actions: Mega Nirman & Industries on July 7, 2025, had already approved the allotment of over 7.2 million equity shares on conversion of warrants, which demonstrates a progressive approach towards capital expansion.

 

Company Profile: Mega Nirman & Industries operates in diversified business segments like precious stones and EV charging solutions. The company is free from debt and has three consecutive years of revenue growth.

 

Market Performance: The company's share price has trended upwards since this news, a sign of market confidence in the rights issue and its ability to promote shareholder value.

 

Source:

Reuters/TradingView, StockInsights, Economic Times, MarketsScreener.in