Mumbai (Maharashtra) [India], October 23: Mangalam Industrial Finance Limited (The Company, MIFL) is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India, engaged in lending and investment activities, open its Rights Issue on Monday, October 27, 2025, aiming to raise ₹ 48.08 Crore.
The issue size is 48,08,21,750 equity shares at a face value of ₹ 1 each with an Issue Price of ₹ 1 Per Share.
Rights Issue details:
●Right Issue Price – ₹ 1 Each Share
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●Right Issue Size – ₹ 48.08 Crore
●Right Entitlement – 1 Shares for every 2 shares held
- Renunciation of RE – 27th Oct, 2025 – 31st Oct, 2025
- Record Date – 23rd Sept, 2025
- Rights Issue Closes – 07th Nov, 2025
The net proceeds from the Rights Issue will be used to augment its capital base and provide funding requirements to expand its operational scale in relation to its NBFC activities.
