Manav Infra Projects Ltd., a prominent player in the infrastructure sector, has published a post allotment notice regarding its rights issue of 63,24,000 equity shares. This rights issue was made available to the shareholders at an issue price of ₹11 per equity share, which includes a premium of ₹1 per share. The notice, published in leading newspapers such as Financial Express, Jansatta, and Mumbai Lakshadeep, provides all shareholders with essential information about the allotment and further instructions.

The rights equity shares are being issued under the rights issue, as per the regulations outlined in Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates companies to disclose post-allotment information to shareholders.

The issue price of ₹11 is inclusive of a ₹1 premium, offering a strategic opportunity for current shareholders to maintain their proportionate stake in the company. The rights equity shares provide an excellent opportunity for investors to further engage with the company’s future growth prospects, leveraging the rights offering at an attractive price.

In compliance with SEBI regulations, the company has taken steps to ensure that shareholders are fully informed. The notice clarifies the process for shareholders to obtain further details and contact information for queries regarding the allotment.

Manav Infra Projects Ltd. has also conveyed its commitment to transparency and investor engagement by publishing this notice in widely circulated newspapers, ensuring that the shareholders receive timely updates regarding the rights issue. This step exemplifies the company's commitment to adhering to regulatory requirements and maintaining clear communication channels with its investors.

For more information, the company has made the notice available through the newspapers mentioned and can be accessed by all concerned parties. The company’s NSE Symbol MANAV further facilitates ease of access for those tracking the company’s stock movements and related updates.

This announcement marks another key milestone in Manav Infra Projects Ltd.'s ongoing efforts to strengthen its capital base and expand its infrastructure portfolio. It also reaffirms the company's focus on keeping investors well-informed about any developments affecting their stakes in the company. As the company continues to grow, updates regarding its capital restructuring and strategic growth initiatives are expected, offering more opportunities for both existing and potential investors.

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