Description

Mangalam Industrial Finance Limited extends its Rights Issue closing date from November 7, 2025 to November 14, 2025, and extends Rights Entitlement trading period to November 10, 2025.

Summary

Mangalam Industrial Finance Limited (Scrip Code: 537800) has extended the closing date of its Rights Issue from Friday, November 7, 2025 to Friday, November 14, 2025. The Rights Issue involves issuance of 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 (at par), aggregating up to Rs. 48,08,21,750/-. The Rights Issue is in the ratio of 1:2 (one Rights equity share for every two fully paid-up equity shares held on the Record Date of September 23, 2025). Additionally, the on-market trading period for Rights Entitlements has been extended from October 31, 2025 to Monday, November 10, 2025.

Key Points

  • Rights Issue closing date extended by 7 days from November 7, 2025 to November 14, 2025
  • Rights Entitlement trading period 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 par/face value)
  • Rights ratio: 1:2 (one Rights share for every two existing shares)
  • Record Date: September 23, 2025
  • Issue Opening Date: October 27, 2025 (unchanged)
  • Board meeting held on October 30, 2025 (4:00 PM to 4:40 PM IST) approved the extension

Regulatory Changes

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

Compliance Requirements

  • Eligible equity shareholders can exercise their rights until the revised closing date of November 14, 2025
  • Shareholders wishing to renounce their Rights Entitlements on-market can do so until November 10, 2025
  • The company has notified BSE Limited and updated information on its website www.miflindia.com

Important Dates

Original Schedule vs Revised Schedule:

  • Last date for credit of Rights entitlements: October 24, 2025 (unchanged)
  • Issue Opening Date: October 27, 2025 (unchanged)
  • Last Date on Market Renunciation of Rights Entitlements: Extended from October 31, 2025 to November 10, 2025
  • Issue Closing Date: Extended from November 7, 2025 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)

Impact Assessment

Impact on Shareholders:

  • Existing shareholders have an additional 7 days to decide on exercising their rights
  • Extended renunciation period (until November 10, 2025) provides more time for shareholders to trade their Rights Entitlements if they choose not to subscribe
  • The extension suggests the company wants to maximize participation in the Rights Issue

Market Impact:

  • Medium impact as this extension affects the timeline for completion of the Rights Issue
  • Shareholders of MANGIND should note the revised deadlines to avoid missing the opportunity to subscribe or renounce
  • The subsequent allotment and listing dates have been pushed back by approximately one week

Operational Considerations:

  • The extension provides additional liquidity window for Rights Entitlements trading
  • May indicate lower-than-expected initial subscription requiring additional time for shareholder participation

Impact Justification

Extension of Rights Issue timeline provides additional time for shareholders to exercise their rights. Material information for existing shareholders and potential investors in MANGIND.