Maha Rashtra Apex Approves Rs 14.09 Cr Rights Issue at Par

Maha Rashtra Apex Corporation Limited's Board approved terms for a Rights Issue following in-principle nods from NSE and BSE dated March 5 and 4, 2026.

Issue Details

Up to 1,40,91,896 fully paid-up equity shares of Rs 10 face value will be offered at par (Rs 10/share), aggregating Rs 1,409.19 lakhs. The 1:1 rights entitlement ratio targets existing 1,40,91,896 shareholders on Record Date March 20, 2026.

Timeline

The issue opens April 2, 2026, with market renunciations until April 29 and closure on April 30 (extendable up to 30 days). Full payment is due on application; entitlements credit in demat form per SEBI circular. T&S Law serves as advisor; full terms appear in the Letter of Offer.

Post full subscription, equity capital expands to 2,81,83,792 shares.

Shares of Maha Rashtra Apex Corporation Limited was last trading in BSE at Rs. 107.93 as compared to the previous close of Rs. 104.98. The total number of shares traded during the day was 1393 in over 87 trades.

The stock hit an intraday high of Rs. 109.00 and intraday low of 99.01. The net turnover during the day was Rs. 145329.00.

Source : Equity Bulls

Keywords

MahaRashtraApexCorporation INE843B01013 FundRaising RightsIssue