New Delhi, Nov. 4 -- Mangalam Industrial Finance Ltd announced that it has extended its rights issue, which is now currently open. Mangalam Industrial Finance has sanctioned a rights issue of 48,08,21,750 equity shares at Re 1 each, with the intention of raising Rs.48.08 crore.

This action will boost Mangalam Industrial Finance's total outstanding shares from 96,16,43,500 to 1,44,24,65,250, provided there is full subscription. The board meeting that approved this measure took place on September 17, 2025.

This rights issue enables current shareholders, as of the record date, to acquire extra equity shares at a significantly reduced price, providing a chance to enhance their holdings or sell the rights entitlement on the market. The lates...