Maha Rashtra Apex Corporation Limited has completed the allotment of equity shares under its rights issue, significantly increasing the company’s paid-up share capital.

The company informed stock exchanges that the Board of Directors approved the allotment of 1,40,91,896 fully paid-up equity shares of face value ₹10 each on a rights basis.

The allotment was finalized in consultation with Purva Share Registry India Limited, the registrar to the issue, and approved by BSE Limited, which acted as the designated stock exchange for the rights issue.

The development was disclosed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Rights issue completed at par value

The company issued the shares at an issue price of ₹10 per equity share, which means the shares were issued at par without any premium.

The rights issue was offered to:

• Existing eligible shareholders
• Renouncees under the rights entitlement process

The allotment was carried out as per the terms of the Letter of Offer dated March 11, 2026.

Rights issues allow existing shareholders to subscribe to additional shares in proportion to their current holdings, usually to raise fresh capital for business operations, debt reduction, expansion, or other corporate purposes.

Share capital doubles after allotment

Following the allotment, the paid-up equity share capital of Maharashtra Apex Corporation has doubled.

Pre-rights issue capital

• Number of equity shares: 1,40,91,896
• Paid-up capital: ₹14,09,18,960

Post-rights issue capital

• Number of equity shares: 2,81,83,792
• Paid-up capital: ₹28,18,37,920

The increase reflects the successful issuance and allotment of additional equity shares under the rights issue process.

Board meeting details

The Board meeting to approve the allotment was held on May 4, 2026.

According to the filing:

• Meeting commencement time: 4:00 PM
• Meeting conclusion time: 5:15 PM

The company informed both:

• BSE Limited
• National Stock Exchange of India Limited

The company trades under:

• BSE Scrip Code: 523384
• NSE Symbol: MAHAPEXLTD

Understanding the rights issue

A rights issue is a corporate fundraising mechanism where companies offer additional shares to existing shareholders.

In such issues:

• Existing investors get rights entitlement
• Shares are usually offered at a fixed price
• Investors may subscribe fully, partially, or renounce their entitlement
• The company raises fresh equity capital

Rights issues are generally considered shareholder-friendly because they allow existing investors to maintain their ownership percentage.

Impact on shareholders

With the successful completion of the rights issue allotment:

• Existing shareholders who subscribed receive additional shares
• The overall equity base of the company increases
• Shareholding structure may change depending on participation levels
• Liquidity in the stock may improve due to higher outstanding shares

The newly allotted shares are fully paid-up equity shares and will rank pari passu with the existing equity shares of the company.

Regulatory compliance completed

The company stated that the disclosure was made in accordance with:

• Regulation 30 of SEBI Listing Regulations
• SEBI Master Circular dated November 11, 2024

The filing also clarified that there was:

• No cancellation of the issue
• No termination of the proposal
• No changes to the approved allotment structure

Importance of capital raising for companies

Rights issues remain an important route for listed companies to strengthen their balance sheets without increasing debt obligations.

Companies typically use proceeds for:

• Working capital requirements
• Debt repayment
• Expansion plans
• Business restructuring
• Operational improvements

For investors, rights issues may provide an opportunity to acquire additional shares at a predetermined issue price.

Maharashtra Apex Corporation overview

Maha Rashtra Apex Corporation Limited is listed on both BSE and NSE. The company regularly undertakes corporate actions and disclosures in line with stock exchange and SEBI regulations.

The latest rights issue allotment marks a significant capital expansion exercise for the company and may support future operational and financial objectives.

The company has also uploaded the disclosure and related information on its official website for shareholder reference.

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