Description

Board extends closure date of Rights Issue from November 14 to November 19, 2025 to provide shareholders more time to exercise their rights. Q2 FY2025-26 unaudited results also approved.

Summary

Mangalam Industrial Finance Limited (Scrip Code: 537800) announced that its Board of Directors, in a meeting held on November 13, 2025, has extended the closure date of its ongoing Rights Issue from Friday, November 14, 2025 to Wednesday, November 19, 2025. The extension aims to provide existing equity shareholders more time to exercise their rights. The Board also approved unaudited standalone financial results for Q2 and H1 FY2025-26 ended September 30, 2025.

Key Points

  • Rights Issue closing date extended by 5 days from November 14 to November 19, 2025
  • Issue consists of up to 48,08,21,750 equity shares at Re. 1.00 per share (at par value)
  • Rights ratio: 1 equity share for every 2 fully paid-up equity shares held on record date (September 23, 2025)
  • Total issue size: Up to Rs. 48,08,21,750
  • Issue opened on Monday, October 27, 2025
  • Last date for market renunciation of rights entitlements was November 10, 2025
  • Board approved Q2 FY2025-26 unaudited financial results with limited review report from statutory auditors M/s Mahesh Udhwani & Associates
  • Trading window for designated persons closed until Saturday, November 15, 2025
  • Board meeting commenced at 5:15 PM IST and concluded at 5:45 PM IST

Regulatory Changes

No regulatory changes introduced. This is a disclosure under Regulation 30 read with Schedule III and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Company must update all issue-related communications with revised closing date
  • Designated persons must comply with trading window closure until November 15, 2025 per insider trading regulations
  • Company to maintain compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015

Important Dates

  • Record Date: September 23, 2025
  • Rights Entitlement Credit: October 24, 2025
  • Issue Opening: October 27, 2025
  • Last Date for Market Renunciation: November 10, 2025
  • Issue Closing (Revised): November 19, 2025 (extended from November 14, 2025)
  • Basis of Allotment: November 24, 2025 (on or about)
  • Date of Allotment: November 24, 2025 (on or about)
  • Credit Date: November 28, 2025 (on or about)
  • Listing/Trading Date: December 3, 2025 (on or about)
  • Trading Window Closure Ends: November 15, 2025

Impact Assessment

Market Impact: Limited to existing shareholders of Mangalam Industrial Finance Limited. The 5-day extension provides additional opportunity for eligible shareholders who have not yet exercised their rights to participate in the issue.

Operational Impact: The extension shifts all subsequent timelines including allotment (November 24), credit (November 28), and listing dates (December 3) by approximately 3-5 days from original schedule. This may affect shareholders’ liquidity planning and trading strategies.

Financial Impact: The extension indicates potential lower-than-expected subscription levels, suggesting the company is seeking to maximize participation. At Re. 1.00 per share (par value), this is a deeply discounted rights offering that could significantly dilute existing shareholders who do not participate.

Compliance Impact: Standard procedural extension with no compliance burden beyond updated disclosure requirements. Trading window restrictions on designated persons remain in effect as per insider trading regulations.

Impact Justification

Rights issue extension provides existing shareholders additional time to participate. Moderate impact limited to company shareholders and ongoing corporate action timeline adjustments.