Mangalam Industrial Finance Limited has extended its rights issue closing date from November 19 to November 25, 2025. The rights offer allows existing shareholders to buy up to 48.08 crore equity shares at Rs. 1 each in a 1:2 ratio. The extension aims to ensure wider participation before final allotment and listing in early December.
Mangalam Industrial Finance Limited (“MANGIND”) announced in its Board meeting today, November 18, 2025, the approval and record of a rights issue of up to 48,08,21,750 equity shares at a price of Re. 1 per share, matching the face value. This offer is on a rights basis to existing shareholders in the ratio of 1 new share for every 2 fully paid shares held as on the record date, September 23, 2025.
Importantly, the company has extended the rights issue closing date from the originally scheduled November 19, 2025 to November 25, 2025 to give shareholders more time to exercise their rights. This extension represents a strategic move to encourage maximal participation.
Key dates have been revised accordingly:
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Rights entitlements credit date: October 24, 2025
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Issue opening: October 27, 2025
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Final date for market renunciation of rights: November 10, 2025
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Rights issue closing: November 25, 2025
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Basis of allotment finalization: November 28, 2025
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Allotment and credit expected: November 28 and December 4, 2025, respectively
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Listing and trading of equity shares: From December 9, 2025
Notable updates for shareholders include the unchanged issue price at Re. 1, making it a cash-at-par rights issue valued at approximately Rs. 48.08 crore. The extended timeline also ensures shareholders have a wider window for decision-making in participating or renouncing their rights.
This rights issue forms part of Mangalam’s strategy to raise capital while providing equitable opportunity for current investors to increase their stakes at a favorable price ahead of the allotment and listing process.
Sources: Exchange Disclosure and official board notification from Mangalam Industrial Finance Limited.