SML Mahindra Board to Consider Rights Issue of ₹1450 Crore

SML Mahindra Ltd has announced that its Board of Directors will convene on November 13, 2026, to discuss and approve key aspects of a proposed Rights Issue. The company plans to raise up to ₹1450 Crore through the issuance of fully paid-up equity shares to eligible shareholders. The board meeting will focus on finalizing the specific terms of the issue, including the issue price, rights entitlement ratio, and the record date for determining eligible shareholders. This move is intended to secure significant capital for the company's growth and operational needs.