Mohit Industries Revises Rights Issue Size to Rs. 15 Crores from Rs. 25 Crores

Mohit industries Limited has announced a significant revision to its proposed rights issue size following a Rights Issue Committee meeting held on February 4, 2026. The committee has decided to reduce the fundraising target from Rs. 25 crores to Rs. 15 crores while maintaining all other previously approved terms and conditions. Rights Issue Revision Details The Rights Issue Committee meeting, which commenced at 5:45 p.m. (IST) and concluded at 6:15 p.m. (IST), focused on revising the size of the proposed rights issue. This revision comes after the Board of Directors initially approved the rights issue for up to Rs. 25 crores during their meeting on November 14, 2025. Parameter: Details Original Issue Size: Rs. 25 Crores Revised Issue Size: Rs. 15 Crores Meeting Date: February 4, 2026 Meeting Duration: 5:45 p.m. to 6:15 p.m. (IST) Rights Issue Structure The company has provided comprehensive details about the proposed rights issue structure in compliance with Regulation 30 of SEBI Listing Regulations. The issue will involve equity shares offered through a rights issue to eligible existing shareholders. Particulars: Details Security Type: Equity Shares Issuance Type: Rights Issue to eligible existing shareholders Maximum Amount: Rs. 15 Crores (Rupees Fifteen Crores) Regulatory Compliance: SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 Corporate Governance and Compliance The announcement was signed by Narayan Sitaram Saboo, Managing Director & CFO (DIN: 00223324), ensuring proper corporate governance protocols. The company has confirmed that all other terms and conditions of the proposed rights issue, as previously approved by the Board of Directors, shall remain unchanged despite the size revision. The meeting outcome has been made available on the company's website at www.mohitindustries.com , ensuring transparency and accessibility for stakeholders. This revision demonstrates the company's adaptive approach to capital raising while maintaining regulatory compliance and shareholder interests. Mohit Industries Limited , a textile company, has reported a net loss for the quarter ended September 30, 2025, and announced plans for a rights issue to raise capital. The company's board has also approved the formation of a Rights Issue Committee to oversee the process. Financial Performance For the quarter ended September 30, 2025, Mohit Industries posted a net loss of Rs 15.09 lakhs, compared to a net loss of Rs 102.39 lakhs reported in the same period last year. The company's financial results reveal the following key points: Particulars Q2 FY2026 (Rs. in lakhs) Q2 FY2025 (Rs. in lakhs) Revenue from Operations 3453.60 2571.06 Net Profit/(Loss) (15.09) (102.39) Earnings Per Share (Basic) (0.10) (0.72) Despite the increase in revenue from operations, the company's profitability remains challenged. The management attributes this to various factors, including increased costs and market conditions. Rights Issue Announcement In a move to strengthen its financial position, Mohit Industries' board has approved a rights issue to raise up to Rs 25 crores from existing shareholders. Key details of the proposed rights issue include: Type of Securities: Equity Shares Issue Type: Rights Issue to eligible existing shareholders Maximum Amount: Not exceeding Rs. 25 Crores (Rupees Twenty Five Crores) The company has constituted a Rights Issue Committee to determine the terms and conditions of the issue, including the price, ratio, and timing. Management Commentary Narayan Saboo, Managing Director & CFO of Mohit Industries Limited, commented on the company's performance and future plans: "While we face short-term challenges reflected in our quarterly results, we are taking proactive steps to improve our financial position. The proposed rights issue is aimed at strengthening our capital base and supporting our growth initiatives." Operational Highlights The company's management highlighted several operational aspects in their financial report: Increased reliance on solar power generation to reduce energy costs. Strategic cost-reduction initiatives influencing profitability. Recent changes in BIS guidelines allowing for more competitive raw material imports. Looking Ahead Mohit Industries expects improvements in the coming months, with management citing the following factors: Anticipated increase in solar power output, potentially leading to further cost reductions. Potential for reduced raw material costs due to changes in import regulations. Ongoing efforts to enhance operational efficiency and profitability. Investors and stakeholders will be closely watching the developments related to the rights issue and the company's efforts to improve its financial performance in the coming quarters. Note: All financial figures are based on the unaudited consolidated financial results for the quarter ended September 30, 2025. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. 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