Maruti Interior Products Limited Announces Rights Issue Opening March 18, 2026

Maruti Interior Products Limited has published newspaper advertisements for its upcoming rights issue in compliance with Regulation 84(1) of SEBI (ICDR) Regulations, 2018. The advertisements were published on March 14, 2026, in Financial Express (English and Gujarati editions) and Jansatta (Hindi edition) to inform eligible equity shareholders about the offering. Rights Issue Details The company is proposing to issue up to 4,53,00,000 fully paid-up equity shares of face value ₹10 each through a rights offering. The key parameters of the issue are structured as follows: Parameter: Details Issue Size: Up to 4,53,00,000 equity shares Face Value: ₹10 per share Issue Price: ₹10 per share Share Premium: Nil Aggregate Amount: Up to ₹4,530.00 Lakhs Rights Ratio: 3:1 (Three rights shares for every one existing share) Record Date: March 12, 2026 Issue Timeline The rights issue follows a structured timeline for eligible shareholders to participate: Event: Date Issue Opens: Wednesday, March 18, 2026 Last Date for On-Market Renunciation: Friday, March 20, 2026 Issue Closes: Tuesday, March 24, 2026 Rights Entitlements Credit: On or about March 16, 2026 Application Process and Requirements All applications for the rights issue must be made through the Application Supported by Blocked Amount (ASBA) process as mandated by SEBI regulations. Eligible equity shareholders are required to have ASBA-enabled bank accounts with Self Certified Syndicate Banks (SCSBs) to participate in the issue. The rights entitlements will be credited to demat accounts of eligible shareholders under ISIN: INE0JSJ20014. Shareholders holding equity shares in physical form must provide their demat account details to the registrar at least two working days prior to the issue closing date to receive their rights entitlements. Key Participants and Contact Information The rights issue involves several key service providers: Role: Entity Registrar to the Issue: Bigshare Services Private Limited Banker to the Issue: Kotak Mahindra Bank Limited Monitoring Agency: Brickwork Ratings India Private Limited Designated Stock Exchange: BSE Limited Eligible shareholders can access issue materials and application forms through the company's websites ( www.spitzebyeveryday.com and www.everyday-india.com ), the registrar's website ( www.bigshareonline.com ), and BSE's website ( www.bseindia.com ). The company has received in-principle approval from BSE for listing the rights equity shares through their letter dated March 05, 2026. Shareholders are advised to refer to the Letter of Offer dated March 11, 2026, for complete details including risk factors and terms of the issue. Maruti Interior Products Limited has finalized the timeline for its ₹45.30 crore rights issue, with the Rights Issue Committee approving March 18-24, 2026 as the issue period during its meeting on March 11, 2026. The company had earlier confirmed March 12, 2026 as the record date following BSE approval received on March 05, 2026. Rights Issue Timeline and Structure The Rights Issue Committee has established a comprehensive timeline for the offering, providing clear dates for various phases of the rights issue process. Timeline Details: Date Rights Issue Opening Date: Wednesday, March 18, 2026 Last Date for On-market Renunciation: Friday, March 20, 2026 Last Date for Off-market Renunciation: Monday, March 23, 2026 Rights Issue Closing Date: Tuesday, March 24, 2026 Record Date: March 12, 2026 Issue Parameters and Pricing The rights issue maintains its previously announced structure with shares priced at ₹10 per equity share with no premium component. Parameter: Details Issue Price: ₹10 per equity share (including premium Nil) Total Rights Shares: 4,53,00,000 fully paid-up equity shares Issue Size: ₹45,30,00,000 (assuming full subscription) Face Value: ₹10 per share Entitlement Ratio: 3:1 (3 rights shares for every 1 existing share) ISIN for Rights Entitlement: INEOJSJ20014 Letter of Offer and Committee Decisions The Rights Issue Committee approved the Letter of Offer dated March 11, 2026 for the issuance of 4,53,00,000 Rights Equity Shares. The committee meeting was conducted from 4:00 PM to 5:15 PM, with Managing Director Paresh Purushotam Lunagaria overseeing the proceedings. The Board of Directors and Rights Issue Committee retain the right to extend the issue closing date, subject to the issue period not exceeding 30 days from the issue opening date, including the opening date. Impact on Equity Structure Upon successful completion, the rights issue will significantly expand the company's equity base: Equity Share Position: Number of Shares Prior to Rights Issue: 1,51,00,000 fully paid-up equity shares Post Rights Issue: 6,04,00,000 fully paid-up equity shares Additional Shares: 4,53,00,000 rights equity shares The rights entitlements will be credited in dematerialized form to eligible shareholders' demat accounts through NSDL and CDSL arrangements, following SEBI circular requirements and compliance with LODR Regulations 2015. 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