Corporate Action7 Oct 2026, 05:00 pm
Mega Nirman Appoints Ishaan as Director, Plans Rights Issue
AI Summary
Mega Nirman and Industries Ltd announced the appointment of Mr. Ishaan as an Additional Director (Non-Executive, Non-Independent) subject to member approval. The Board also approved a Rights Issue of up to ₹50 Crores to existing shareholders. The company will seek member approval for these resolutions via postal ballot, with remote e-voting commencing on October 8, 2026, and concluding on November 6, 2026. The trading window remains closed until 48 hours after the declaration of Q2 FY27 financial results.
Key Highlights
- Mr. Ishaan appointed as Non-Executive, Non-Independent Director.
- Company plans a Rights Issue of up to ₹50 Crores.
- Member approval to be sought via postal ballot and e-voting.
- Trading window closure extended post Q2 FY27 results.
Price Impact
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