Mega Nirman & Industries has issued a revised board meeting outcome, clarifying earlier details.

The board approved the Directors’ Report for FY25 and proposed a 1:1 Rights Issue of equity shares to existing shareholders, signaling potential capital expansion.

The company also increased its Authorised Share Capital from INR 50 Cr to INR 60 Cr.

Additionally, 86,66,667 equity shares were allotted at Rs. 15 each from warrant conversions, injecting approximately INR 9.75 Cr.

This boosts the paid-up capital to INR 19.29 Cr.

Over 63.55 lakh warrants remain outstanding, representing future conversion potential.