Maruti Interior Products Ltd Approves Allotment of Rights Equity Shares
The Rights Issue Committee of Maruti Interior Products Ltd approved the allotment of 4,53,00,000 Rights Equity Shares. This decision was made during a meeting held on April 07, 2026, concerning the Rights Issue detailed in the Letter of Offer dated March 11, 2026. The allotment was made on a rights basis to Eligible Equity Shareholders at an issue price of ₹ 10 per Rights Equity Share. The share premium included in the issue price was NIL.The approval of this rights issue modifies the paid-up equity share capital of the company. Before the Rights Issue, the paid-up share capital stood at 1,51,00,000 shares, with a face value of ₹ 10 per share, amounting to ₹ 15,10,00,000. Following the rights issue, the paid-up share capital increased to 6,04,00,000 shares, maintaining a face value of ₹ 10 per share, with a total amount of ₹ 60,40,00,000.
The Rights Issue Committee Meeting convened at 08:00 P.M. and concluded at 09:30 P.M.
The following table summarizes the modification in the paid-up equity share capital:
| Particulars | Number of shares | Face Value | Amount in Rs. |
|---|---|---|---|
| Paid-up share capital (Pre-Rights Issue) | 1,51,00,000 | 10 | 15,10,00,000 |
| Paid-up share capital (Post-Rights Issue) | 6,04,00,000 | 10 | 60,40,00,000 |
Stock Price Movement
Closing on Tuesday, Maruti Interior Products Ltd slipped to ₹68.81, down 1.99%. Throughout the session, the shares oscillated intraday between ₹68.81 and ₹70.20.Source:
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