Investment14 Nov 2025, 02:28 pm
Mohit Industries Ltd. Board Approves Rights Issue of Equity Shares up to Rs. 25 Crores
AI Summary
Mohit Industries Ltd. announced the outcome of its Board Meeting held on November 14, 2025. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter and period ended September 30, 2025. The company also approved the raising of funds through the issuance of equity shares of the company through a Rights Issue, not exceeding Rs. 25 Crores, subject to necessary approvals. The Rights Issue Committee will decide the terms and conditions of the issue.
Key Highlights
- Board approved Unaudited Standalone and Consolidated Financial Results for the quarter ended September 30, 2025.
- Company to raise funds through Rights Issue of equity shares up to Rs. 25 Crores.
- Rights Issue subject to receipt of statutory/regulatory approvals.
- Rights Issue Committee constituted to decide terms and conditions of the Issue.
- Company's accounting method for Post Employment Benefits and other long term employee benefits under Defined Benefit Plans is in deviation with Ind AS — 19.
Price Impact
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