Mega Nirman Board approves ₹50 Cr Rights Issue, Director appointments

Mega Nirman and Industries Ltd's Board of Directors, at its meeting on October 07, 2026, approved a fresh fund-raising plan via a Rights Issue of fully paid-up Equity Shares. The company aims to raise an amount not exceeding ₹50 Crores from existing shareholders. This new Rights Issue follows the withdrawal of a previous application. The Board also approved the appointment of Mr. Ishaan as an Additional Director (Non-Executive, Non-Independent). Furthermore, a Postal Ballot Notice was approved to seek member approval for the Rights Issue, the appointment of Mr. Ishaan, and the appointments of Mr. Himanshu Gopal as Executive Director and Mrs. Shruti Swaroop as Independent Director. CA Shiva Nishad was appointed as Scrutinizer for the e-voting process. The trading window remains closed until 48 hours after the Q2 FY27 unaudited financial results.