Mizzen Ventures Withdraws Preferential Issue of ₹10 Cr Equity Shares

Mizzen Ventures Ltd announced that its Board of Directors, in a meeting held on July 17, 2026, approved the withdrawal of a proposed preferential issue of up to 8,00,000 equity shares. The issue aimed to raise ₹10 crore at an issue price of ₹125 per share. The withdrawal is due to unavoidable circumstances, and the company may reconsider fundraising at a later stage. Resolutions passed by shareholders for increasing authorized share capital and the preferential issue will be cancelled and require ratification at the upcoming general meeting.