StockWatch
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Non Banking Financial Company (NBFC)
Investment9 Mar 2026, 08:01 pm

Mena Mani Industries Ltd Allots 1,58,59,957 Equity Shares on Preferential Basis

AI Summary

Mena Mani Industries Ltd, a company based in Ahmedabad, Gujarat, has allotted 1,58,59,957 fully paid-up equity shares on a preferential basis. The allotment was approved in a board meeting held on March 9, 2026. The shares, with a face value of Re. 1/- each, were issued at a price of Rs. 8/- per share, including a premium of Rs. 7/-. The total consideration for the allotment is Rs. 12,68,79,656/-, with a premium of Rs. 11,10,19,699/-. The allottees include both cash and other than cash considerations, with Core Inc. being a non-promoter investor. The allotment is in accordance with the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Key Highlights

  • Mena Mani Industries Ltd allots 1,58,59,957 equity shares on preferential basis
  • Allotment approved in board meeting held on March 9, 2026
  • Shares issued at a price of Rs. 8/- per share with a premium of Rs. 7/-
  • Total consideration for the allotment is Rs. 12,68,79,656/-
  • Allottees include both cash and other than cash considerations