Minolta Finance Approves Rights Issue of ₹48 Cr

Minolta Finance Ltd announced today, June 30, 2026, that its Board of Directors has approved a Rights Issue of Equity Shares. The issue aims to raise up to ₹48 crore by offering 40,00,00,000 equity shares at a price of ₹1.20 each. Eligible shareholders will receive 4 rights equity shares for every 1 existing equity share held as of the record date, July 17, 2026. The full amount is payable on application. The Rights Issue will open on August 1, 2026, and the last date for market renunciation is August 10, 2026. This move is subject to necessary statutory and regulatory approvals.