Maruti Interior Products Approves ₹45.30 Crore Rights Issue and Strategic Acquisitions

Maruti Interior Products Limited's board of directors convened on February 3, 2026, to approve significant corporate actions including a substantial rights issue and strategic acquisitions. The meeting, which commenced at 6:00 p.m. and concluded at 6:45 p.m., addressed multiple agenda items aimed at strengthening the company's market position and expanding its operational footprint. Rights Issue Details The board approved raising funds through a rights issue of equity shares with a face value of ₹10 each, targeting an aggregate amount not exceeding ₹45,30,00,000. The rights issue will be offered to eligible equity shareholders as on the record date, which will be notified subsequently. Parameter: Details Issue Size: ₹45,30,00,000 Security Type: Equity Shares Face Value: ₹10 per share Issue Type: Rights Issue Eligibility: Existing shareholders as on record date The detailed terms including issue price, rights entitlement ratio, record date, timing and payment terms will be determined by the Board or Rights Issue Committee in accordance with applicable laws. The issue is subject to regulatory approvals under SEBI regulations and the Companies Act, 2013. Strategic Acquisitions The board approved two significant acquisitions as part of its expansion strategy. Both acquisitions are subject to completion of customary conditions and requisite approvals. HA & DL Holdings Acquisition Parameter: Details Target Company: HA & DL Holdings Pte. Ltd., Singapore Acquisition Stake: 100% of issued and paid-up share capital Purchase Consideration: $20,11,000 Payment Mode: Cash consideration Subsidiary: VMR Metal Recycling Co. Ltd, Vietnam Arrowin Metaltech Acquisition Parameter: Details Target Company: Arrowin Metaltech (India) Private Limited Current Stake: 20% Additional Acquisition: 80% stake Total Control Post-Acquisition: 100% Purchase Consideration: ₹1502.61 lakh Payment Mode: Cash consideration Board Meeting Outcomes The board also approved the appointment of various intermediaries in connection with the rights issue and acquisitions, along with the draft Letter of Offer for the rights issue. All decisions comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and are subject to receipt of applicable regulatory and statutory approvals. The company operates under the script code "SPITZE" (543464) on BSE Limited and continues to focus on strategic growth through both organic fundraising and inorganic expansion through targeted acquisitions. Maruti Interior Products Limited has announced a board meeting scheduled for February 2, 2026, to deliberate on significant strategic initiatives including potential acquisitions and fund raising activities. The company informed BSE Limited about the upcoming meeting through an official communication dated January 27, 2026. Meeting Agenda and Strategic Initiatives The board meeting, to be held at the company's registered office on Monday, February 2, 2026, will focus on several key strategic matters that could shape the company's future growth trajectory. Agenda Item: Details Acquisition Target 1: Arrowin Metaltech (India) Pvt. Ltd. Acquisition Target 2: HA & DL Holdings Pte. Ltd. Strategic Focus: Fund raising for Future Growth Meeting Date: February 2, 2026 Meeting Venue: Registered Office Proposed Acquisitions The board will consider proposals for acquiring two companies during the meeting. The first potential acquisition involves Arrowin Metaltech (India) Pvt. Ltd., while the second focuses on HA & DL Holdings Pte. Ltd., a Singapore-based entity. These acquisitions could potentially expand the company's operational capabilities and market presence. Fund Raising Initiatives In addition to the acquisition proposals, the board will discuss various fund raising options to support the company's future growth plans. This indicates the management's commitment to strengthening the company's financial position and expanding its business operations. Regulatory Compliance The meeting notification was issued in compliance with Regulation 29 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015. Managing Director Paresh P. Lunagaria (DIN: 00320470) signed the official communication, ensuring proper regulatory adherence and transparency with stakeholders. The company trades on BSE with the script code 543464 under the script ID "spitze". 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