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 โน 48.08 Crore.
The issue size is 48,08,21,750 equity shares at a face value ofย โนย 1 each with an Issue Price ofย โนย 1 Per Share.
Rights Issue details:
โRight Issue Price โย โนย 1ย Each Share
โRight Issue Size โย โนย 48.08 Crore
โRight Entitlement โ 1 Shares for every 2 shares held
- Renunciation of RE โ 27thย Oct, 2025 โ 31stย Oct, 2025
- Record Date โ 23rdย Sept, 2025
- Rights Issue Closes โ 07thย Nov, 2025
The net proceeds from the Rights Issue will be used to augment its capital base and provideย funding requirements to expand its operational scale in relation to its NBFC activities.
