Mega Nirman and Industries Ltd. Announces Rights Issue of Equity Shares up to Rs. 50.00 Crores

Mega Nirman and Industries Ltd. has announced its decision to raise funds through a Rights Issue of Equity Shares. The total amount to be raised is not exceeding Rs. 50.00 Crores (Rupees Fifty Crores Only) on Rights Issue basis. The Rights Issue Committee will decide other terms and conditions of the Issue, including the issue price, rights entitlement ratio, record date, timing, terms and schedule of payment, in accordance with applicable laws. The decision is subject to the receipt of applicable regulatory, statutory approvals, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, and the Companies Act, 2013 and the rules and regulations made thereunder, as amended.