Description
370,530,000 equity shares of Mehai Technology Limited listed and permitted to trade on BSE with effect from October 24, 2025, issued on rights basis at Re. 1/- with Re. 1/- premium.
Summary
BSE has listed and permitted trading of 370,530,000 new equity shares of Mehai Technology Limited (Scrip Code: 540730) with effect from Friday, October 24, 2025. These shares were issued on a rights basis at Re. 1/- per share with a premium of Re. 1/-, and rank pari-passu with existing equity shares.
Key Points
- 370,530,000 equity shares of Re. 1/- each issued on rights basis
- Issue price: Re. 1/- with premium of Re. 1/- (total Re. 2/- per share)
- Scrip Code: 540730
- ISIN: INE062Y01020
- Distinctive Numbers: 378090001 to 748620000
- Date of Allotment: October 20, 2025
- Trading commencement: October 24, 2025
- New shares rank pari-passu with old equity shares
Regulatory Changes
None. This is a routine listing notification following a rights issue.
Compliance Requirements
Trading members are informed to note the listing of these new securities for trading purposes. The shares are available for trading from October 24, 2025.
Important Dates
- Allotment Date: October 20, 2025
- Trading Commencement: October 24, 2025
- Notice Date: October 23, 2025
Impact Assessment
This rights issue significantly increases the share capital of Mehai Technology Limited with 370.53 million new shares. The relatively low issue price of Re. 2/- per share (Re. 1/- face value + Re. 1/- premium) indicates a discounted offering to existing shareholders. The large volume of shares may impact liquidity and could result in dilution for shareholders who did not participate in the rights issue. Market participants should note the expanded share base when evaluating the company’s market capitalization and trading activity.
Impact Justification
Significant rights issue with 370.53 million shares affecting existing shareholders and market capitalization, but routine listing process for a single company.