Investment25 Feb 2026, 04:20 pm
Mega Nirman and Industries Ltd. Announces Rights Issue of Equity Shares up to Rs. 50.00 Crores
AI Summary
Mega Nirman and Industries Ltd. has announced that its Board of Directors, in a meeting held on February 25, 2026, approved the raising of funds through a Rights Issue of Equity Shares. The total amount for the issue will not exceed Rs. 50.00 Crores. The Rights Issue will be subject to regulatory, statutory approvals, and the provisions of 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. The Rights Issue Committee will decide other terms and conditions of the Issue.
Key Highlights
- Mega Nirman and Industries Ltd. to raise funds through Rights Issue of Equity Shares
- The total amount for the Rights Issue will not exceed Rs. 50.00 Crores
- The Rights Issue is subject to regulatory, statutory approvals
- The Rights Issue will be 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
- The Rights Issue Committee will decide other terms and conditions of the Issue