Mangalam Industrial Finance has announced an extension of its ongoing rights issue on Dalal Street. The company has approved a rights issue of 48,08,21,750 equity shares at Re 1 each, aiming to raise ₹48.08 crore. If fully subscribed, this will increase the company’s total outstanding shares from 96,16,43,500 to 1,44,24,65,250. The board had approved this move during its meeting on September 17, 2025.
This rights issue offers existing shareholders the opportunity to acquire additional equity shares at a discounted price, allowing them to either increase their stake in the company or trade their rights entitlement in the market. Mangalam Industrial Finance, an NBFC established in 1983 and headquartered in Kolkata, is registered with the Reserve Bank of India. The firm provides financing solutions for land, equipment, and buildings, generating revenue through interest, fees, and commissions. Recently, the company highlighted its strategic focus on electric mobility by introducing a Fleet Financing initiative aimed at supporting electric vehicle fleet operators nationwide, aligning with sustainability goals and reducing carbon emissions.
The company reported a profitable FY25 with a PAT of ₹1.23 crore on revenues of ₹3.65 crore. Key details of the 2025 rights issue include an opening date of October 27 (closing extended to November 14), a rights entitlement ratio of 1 new share for every 2 held as of the record date September 23, and an issue price of Re 1 per share. Tentative allotment and credit dates are November 12 and 17, respectively, with listing expected on November 20. Investors can apply via Net Banking (ASBA) or through the Registrar’s online R-WAP facility.
