Description

Board of Directors extends the closing date of the Rights Issue from November 19, 2025 to November 25, 2025 to provide additional time for shareholders to exercise their rights.

Summary

Mangalam Industrial Finance Limited (MANGIND) has announced an extension of its Rights Issue closing date from Wednesday, November 19, 2025 to Tuesday, November 25, 2025. The Board of Directors approved this extension in their meeting held on November 18, 2025 to provide shareholders additional time to exercise their rights. The Rights Issue involves up to 48,08,21,750 equity shares at face value of Re. 1.00 per share, aggregating up to Rs. 48,08,21,750, offered in the ratio of 1:2 to existing equity shareholders as on the record date of September 23, 2025.

Key Points

  • Rights Issue closing date extended by 6 days from November 19, 2025 to November 25, 2025
  • Issue size: Up to 48,08,21,750 equity shares of face value Re. 1.00 each
  • Issue price: Re. 1.00 per equity share (at face value)
  • Total issue size: Up to Rs. 48,08,21,750
  • Entitlement ratio: 1 Rights Equity Share for every 2 fully paid-up equity shares held
  • Record date: September 23, 2025
  • Scrip Code: 537800
  • Extension approved by Board of Directors on November 18, 2025

Regulatory Changes

No regulatory changes announced. This is a procedural extension of an ongoing Rights Issue timeline.

Compliance Requirements

  • Shareholders who wish to participate in the Rights Issue must submit their applications by the revised closing date of November 25, 2025
  • Market renunciation of Rights Entitlements remains closed as the last date was November 10, 2025
  • Shareholders need to exercise their rights within the extended timeline

Important Dates

Original Schedule:

  • Last date for credit of Rights entitlements: Friday, October 24, 2025
  • Issue Opening Date: Monday, October 27, 2025
  • Last date on Market Renunciation of Rights Entitlements: Monday, November 10, 2025
  • Issue Closing Date: Wednesday, November 19, 2025 Extended to Tuesday, November 25, 2025

Upcoming Dates (Revised):

  • Issue Closing Date: Tuesday, November 25, 2025
  • Finalization of basis of allotment (on or about): Friday, November 28, 2025
  • Date of allotment (on or about): Friday, November 28, 2025
  • Date of credit (on or about): Thursday, December 4, 2025
  • Date of listing/trading (on or about): Tuesday, December 9, 2025

Board Meeting Details:

  • Date: November 18, 2025
  • Meeting commenced: 6:30 PM IST
  • Meeting concluded: 7:00 PM IST

Impact Assessment

Market Impact: Low to Medium. The extension provides additional time for shareholders to participate in the Rights Issue, potentially increasing subscription rates. The 6-day extension is a procedural adjustment and does not change the fundamental terms of the issue.

Shareholder Impact: Positive for existing shareholders who need additional time to arrange funds or make decisions regarding their rights entitlement. Those who have already applied are unaffected.

Operational Impact: The subsequent timeline for allotment, credit, and listing has been adjusted accordingly, with the listing now expected around December 9, 2025 instead of the earlier anticipated date.

Financial Impact: The issue remains at face value (Re. 1.00 per share) with total proceeds up to Rs. 48.08 crores, unchanged from the original announcement.

Impact Justification

Extension of Rights Issue timeline affects shareholder decision-making window but is procedural in nature. Impact limited to shareholders of this specific company.