Marine Electricals (India) Limited Announces Second and Final Call on Rights Issue
Marine Electricals (India) Limited announced on March 24, 2026, that its Rights Issue Committee approved the second and final call of ₹112.50 per equity share. This call includes ₹3.00 towards face value and ₹109.50 towards securities premium, related to partly-paid Rights Shares from a rights offering initiated on May 09, 2024.The company has set April 02, 2026, as the record date to determine eligible holders of the partly-paid equity shares. The Rights Issue Committee meeting took place on March 24, 2026, commencing at 9:30 A.M. and concluding at 9:55 A.M.
| Sr. No. | Particulars | Remarks |
|---|---|---|
| 4 | Alterations of capital, including calls; | Second &Final call of ₹ 112.50/- per equity shares ( ₹ 3.00/- towards face value and ₹ 109.50/- towards securities premium) per Rights Share in respect of partly paid Rights Shares, on Rights basis, pursuant to the Letter of Offer dated May 09, 2024. |
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