Investment12 Mar 2026, 04:04 pm
Manorama Industries Ltd. Approves Fund Raising Through QIP Up to ¥ 500.00 Crores
AI Summary
Manorama Industries Ltd. held a Board Meeting on Thursday, March 12, 2026, and approved several decisions. The Board approved the raising of funds up to ¥ 500.00 crores through Qualified Institutions Placement(s) or any other permissible modes by issuance of securities. The company also approved a Postal Ballot Notice for seeking enabling approval of the members of the Company for raising funds. The Postal Ballot Notice will be sent to the members of the Company via email. MUFG Intime India Private Limited will provide the e-voting facility platform for the members.
Key Highlights
- Manorama Industries Ltd. approved the raising of funds up to ¥ 500.00 crores through Qualified Institutions Placement(s) or any other permissible modes by issuance of securities.
- The company approved a Postal Ballot Notice for seeking enabling approval of the members of the Company for raising funds.
- The Postal Ballot Notice will be sent to the members of the Company via email.
- MUFG Intime India Private Limited will provide the e-voting facility platform for the members.