Maha Rashtra Apex Corporation Announces Rights Issue of Up to ₹1,409.19 Lakhs

Maha Rashtra Apex Corporation Limited has announced a rights issue of equity shares, publishing newspaper advertisements in compliance with SEBI regulations and setting the record date for eligible shareholders.

Rights Issue Details

The company has announced the issue of up to 1,40,91,896 equity shares of face value ₹10.00 each at an issue price of ₹10.00 per equity share, aggregating up to ₹1,409.19 lakhs. The rights issue will be offered to existing equity shareholders in the ratio of 1:1, meaning one rights equity share for every one fully paid-up equity share held on the record date.

Parameter: Details Issue Size: Up to 1,40,91,896 equity shares Face Value: ₹10.00 per share Issue Price: ₹10.00 per share Total Amount: Up to ₹1,409.19 lakhs Rights Ratio: 1:1 Record Date: March 20, 2026

Issue Timeline

The rights issue follows a structured timeline with specific dates for application and renunciation processes. The issue will remain open for 28 days, with the rights issue committee having the authority to extend the period up to 30 days from the opening date.

Event: Date Issue Opens: April 2, 2026 Last Date for On-Market Renunciation: April 24, 2026 Issue Closes: April 30, 2026

Application Process and Requirements

All investors must use the Application Supported by Blocked Amount (ASBA) process for applications in this issue, as mandated by SEBI ICDR Regulations. The rights entitlements will be credited to shareholders' demat accounts and will be tradable on stock exchanges under ISIN INE843B20013.

Key application requirements include:

Mandatory use of ASBA process for all applications

Rights entitlements credited in dematerialized form only

Shareholders holding physical shares must provide demat account details at least two working days before issue closing date

Applications can be made through designated branches of Self Certified Syndicate Banks (SCSBs)

Regulatory Compliance

The company has published newspaper advertisements on March 29, 2026, in compliance with Regulation 84 of SEBI ICDR Regulations. The advertisements were published in three newspapers:

Financial Express (English) - National daily

Janasatta (Hindi) - National daily

Vishwani (Kannada) - Regional daily for registered office location

The Letter of Offer was filed with BSE Limited and National Stock Exchange on March 11, 2026, and is available on SEBI's website for public access.

Trading and Listing Information

The company's existing equity shares are currently listed and traded on BSE (Scrip Code: 523384) and NSE (Symbol: MAHAPEXLT) under ISIN INE843B01013. The rights equity shares will be credited to a temporary ISIN initially, which will be converted to the permanent ISIN upon receipt of final listing and trading approvals from stock exchanges.

Purva Sharegistry (India) Private Limited serves as the registrar to the issue, while ICICI Bank Limited acts as both the allotment account bank and refund bank for the rights issue.

Maha Rashtra Apex Corporation Limited has announced the International Securities Identification Number (ISIN) for rights entitlements under its upcoming rights issue. The company informed BSE Limited and National Stock Exchange of India Limited on March 13, 2026, regarding the allocation of ISIN for rights entitlements to be credited to eligible equity shareholders.

Rights Entitlements ISIN Details

The company has been allocated ISIN INE843B20013 for the rights entitlements under the proposed rights issue. This ISIN will be used for crediting rights entitlements in dematerialized form to the demat accounts of eligible equity shareholders.

Parameter Details ISIN for Rights Entitlements INE843B20013 Credit Method Dematerialized form in demat accounts Beneficiaries Eligible Equity Shareholders Credit Timing Prior to issue opening date

Regulatory Compliance and Arrangements

The announcement follows compliance with SEBI circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, read with SEBI circular SEBI/HO/CFD/SSEP/CIR/P/2022/66 dated May 19, 2022. The company also referenced SEBI Circular No. HO/49/14/14(2)2026-CFD-POD2/I/4518/2026 issued on June 21, 2023, and last updated on March 9, 2026.

Maha Rashtra Apex Corporation Limited has made necessary arrangements with both National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) for the credit of rights entitlements. The rights entitlements of eligible equity shareholders as on the record date will be credited to their respective demat accounts under the specified ISIN prior to the issue opening date.

Company Information and Communication

The intimation has been shared with both major stock exchanges where the company is listed:

Exchange Details BSE Limited Company Code: 523384 National Stock Exchange Company Symbol: MAHAPEXLT D

The company has also uploaded this information on its official website at www.maharashtraapex.com for public access. The communication was signed by Jamsheed Minoo Panday, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols are followed.

Maha Rashtra Apex Corporation Limited, established in 1943, operates from its registered office at 3rd Floor, Front Wing North Block, Manipal Centre, 47 Dickenson Road, Bengaluru. The company maintains its corporate identification number as L85110KA1943PLC001177.

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