Mehai Technology successfully allots rights issue shares, raises ₹7.41 crore
Mehai Technology Limited announced the successful allotment of 3,705,30,000 Equity Shares under its Rights Issue, aggregating to ₹7,410.60 Lakhs. The Issue, which opened on September 26, 2025, and closed on October 17, 2025, saw a total of 4,330 applications for 52,07,17,685 Rights Equity Shares. After accounting for technical rejections and additional shares applied for by renouncees, 3,200 valid applications for 45,72,57,991 Rights Equity Shares were considered for allotment, representing 123.40% of the Issue Size.
The allotment was finalized on October 20, 2025, with 3,705,30,000 Rights Equity Shares being successfully allotted. Eligible Equity Shareholders received 3,615,94,971 shares (97.59% of the total allotted), while Renouncees were allotted 89,35,029 shares (2.41%).
Dispatch of Allotment Advice cum Refund Intimation to investors was completed on October 20, 2025, and instructions for unblocking ASBA funds were issued the same day. The company has submitted its listing application to BSE, with the credit of Rights Equity Shares to demat accounts expected by October 23, 2025. Trading of the fully paid-up Equity Shares on the Stock Exchange is anticipated to commence on or about October 24, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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