Description

Extension of Rights Issue closing date from November 7, 2025 to November 14, 2025, and extension of Rights Entitlement trading period to November 10, 2025.

Summary

Mangalam Industrial Finance Limited (MANGIND) has extended the closing date of its Rights Issue from November 7, 2025 to November 14, 2025. The Rights Issue involves up to 48,08,21,750 equity shares of face value Re. 1.00 each at an issue price of Re. 1.00 per share, aggregating up to Rs. 48,08,21,750. The issue is offered in the ratio of 1 equity share for every 2 fully paid-up equity shares held on the record date of September 23, 2025. Additionally, the on-market renunciation period for Rights Entitlements has been extended from October 31, 2025 to November 10, 2025 to provide shareholders more opportunity to exercise their rights.

Key Points

  • Rights Issue closing date extended by 7 days from November 7, 2025 to November 14, 2025
  • On-market renunciation of Rights Entitlements extended from October 31, 2025 to November 10, 2025
  • Issue size: Up to 48,08,21,750 equity shares aggregating Rs. 48,08,21,750
  • Issue price: Re. 1.00 per equity share (at face value)
  • Rights ratio: 1 equity share for every 2 existing fully paid-up equity shares
  • Record date: September 23, 2025
  • Issue opening date: October 27, 2025 (unchanged)
  • Decision approved by Board of Directors meeting held on October 30, 2025
  • Scrip Code: 537800

Regulatory Changes

No regulatory changes. This is a company-specific operational decision to extend the Rights Issue timeline.

Compliance Requirements

  • Shareholders who wish to subscribe to the Rights Issue now have until November 14, 2025 to apply
  • Shareholders wishing to renounce their Rights Entitlements on market can do so until November 10, 2025
  • Company to update its website (www.miflindia.com) with the Board Meeting Outcome
  • BSE notified for information dissemination to investors and members

Important Dates

Original vs Revised Schedule:

  • Last date for credit of Rights Entitlements: October 24, 2025 (unchanged)
  • Issue Opening Date: October 27, 2025 (unchanged)
  • Last Date for On-Market Renunciation: October 31, 2025 → Extended to November 10, 2025
  • Issue Closing Date: November 7, 2025 → Extended to November 14, 2025
  • Finalization of Basis of Allotment: November 19, 2025 (on or about)
  • Date of Allotment: November 20, 2025 (on or about)
  • Date of Credit: November 24, 2025 (on or about)
  • Date of Listing/Trading: November 27, 2025 (on or about)

Board Meeting Details:

  • Meeting Date: October 30, 2025
  • Meeting Time: 4:00 PM to 4:40 PM IST

Impact Assessment

Positive Impacts:

  • Provides existing shareholders additional time (7 extra days) to arrange funds and subscribe to the Rights Issue
  • Extended renunciation period allows more time for shareholders to trade their rights entitlements on the exchange
  • May improve subscription levels by giving shareholders more flexibility

Considerations:

  • Delays the overall timeline for allotment and listing by approximately one week
  • May indicate lower-than-expected initial subscription response
  • Credit and listing dates pushed to late November 2025
  • Investors planning to trade post-allotment will need to adjust their strategies

Market Impact: Medium - affects shareholders of MANGIND who need to adjust their subscription and trading plans according to the revised schedule. The extension suggests the company wants to maximize participation in the rights issue.

Impact Justification

Extension of rights issue timeline provides shareholders additional time to subscribe but affects existing shareholders' subscription and trading plans