Mehai Technology gets BSE nod for rights issue

Mehai Technology Limited has secured in-principle approval from BSE Limited for a rights issue of equity shares. This approval, dated September 11, 2025, allows the company to proceed with the previously announced rights issue.

The rights issue, for an amount not exceeding ₹75 Crores, was initially approved by the board of directors on August 22, 2025.

Jugal Kishore Bhagat, managing director, confirmed the development. This move is expected to bolster Mehai Technology's financial position.