Mangalam Industrial Finance Limited (MIFL), a prominent player in the Indian financial sector, has officially notified its shareholders and the stock exchanges regarding the Record Date for its forthcoming Rights Issue. This step is a crucial procedural requirement under Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which ensures that the rights of eligible shareholders are duly recognized before issuing additional shares.

The company has announced Tuesday, 23rd September 2025 as the Record Date. On this date, the company will identify all shareholders who are eligible to participate in the Rights Issue, which allows them to subscribe to new equity shares. Specifically, existing shareholders will have the opportunity to acquire 1 (One) Rights Equity Share for every 2 (Two) fully paid-up equity shares they currently hold. This ratio ensures proportional allocation of new shares among existing investors, preserving their stake while allowing the company to raise additional capital efficiently.

A Rights Issue is a method by which companies raise capital from existing shareholders by offering additional shares at a preferential price. It is an important instrument for companies seeking to strengthen their balance sheet, expand business operations, or finance ongoing projects. By offering shares proportionally to existing shareholders, the company maintains shareholder equity and prevents dilution of ownership for those participating in the issue.

The announcement has been officially submitted to the BSE Limited under Scrip Code 537800 and the National Stock Exchange. The company has also made the notice publicly available on its official website at www.miflindia.com. This step enhances transparency and compliance with SEBI regulations, ensuring that all stakeholders are informed about their rights and the procedural requirements for the Rights Issue.

For shareholders, the Record Date is significant because it determines eligibility for subscription to new shares. Only those who are listed as shareholders on the company's books as of 23rd September 2025 will have the right to participate. Shareholders who acquire shares after this date will not be eligible for this Rights Issue. Therefore, investors planning to exercise their rights need to ensure their shareholding is reflected in the company's register before the Record Date.

Participating in the Rights Issue provides several benefits for existing shareholders:

1. Opportunity to increase holdings: Shareholders can expand their investment in the company at a preferential price.

2. Protection against dilution: By subscribing to new shares, shareholders maintain their proportional ownership in the company.

3. Potential for value appreciation: Rights issues often provide shares at a discount, offering long-term investment benefits if the company's performance strengthens post-issuance.

The company's compliance with SEBI Listing Regulations also reflects its commitment to corporate governance. By providing timely information regarding the Rights Issue and Record Date, MIFL demonstrates adherence to transparency, fairness, and investor protection norms mandated by regulators.

For practical steps, shareholders need to follow the instructions provided in the official notice once the Rights Issue opens. Typically, shareholders must submit Application Forms along with payment for the rights shares they wish to subscribe to. Financial intermediaries, brokers, and the company’s registrar may assist in the subscription process.

In conclusion, the 23rd September 2025 Record Date announcement by Mangalam Industrial Finance Limited is a significant development for shareholders and the wider market. It provides clarity on eligibility, ensures compliance with SEBI regulations, and opens an opportunity for shareholders to participate in the company's growth by subscribing to new equity shares. Shareholders are advised to review the official notice carefully and take timely action to benefit from this Rights Issue.

This announcement reinforces MIFL's commitment to its shareholders, transparency in corporate actions, and strategic capital management, highlighting the company’s proactive approach in strengthening its financial base while offering investment opportunities to existing investors.

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