Mehai Technology Approves Rights Issue Documents; Stock Gains Nearly 5%

Mumbai, Sep 16, 2025 – Mehai Technology Ltd (BSE: 540730) today stated that its Rights Issue Committee approved and adopted principal documents such as the Letter of Offer, Rights Entitlement Letter, and Common Application Form. These will be submitted to the exchange and sent to the eligible shareholders from the record date, September 18, 2025.

The meeting, conducted in the morning, was presided over by Managing Director Jugal Kishore Bhagat and lasted for an hour.

Key Shareholding Action

The company has appointed September 18, 2025, as the record date for its future issue of rights. To facilitate the process, it has sanctioned the Letter of Offer, Rights Entitlement Letter, and Common Application Form. Thereafter, it will file the papers with BSE and SEBI and then dispatch to all the eligible shareholders.

Stock Price Movement

Mehai Technology stocks are trading at ₹14.92, an increase of 4.84% on September 16, 2025, at 3:27 PM. Mehai Technology stocks have increased by 11.8% in the past 5 days, fallen 11.6% in the past month, increased by 10% in the past six months, fallen 48% in the year-to-date, and increased by 96% in the past year.

Mehai Technology Ltd started Tuesday’s trading at ₹14.96, which was also the intraday high, before falling to an intraday low of ₹14.39. The market capitalisation of the company currently is ₹552.83 crore.

The stock’s price-to-earnings (P/E) ratio of 49.49 signals relatively high valuations. The counter has oscillated between a 52-week high of ₹34.01 and a 52-week low of ₹7.60 over the last year.

Mehai Technology Limited, incorporated in 2013 and listed on BSE, operates in the Trading & Distributors segment. The company’s registered office is in Jaipur, Rajasthan, with its corporate office in Kolkata, West Bengal.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/79ca6e20-762c-42c6-82f6-cf293687e5fc.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations