Mold-Tek Technologies Limited Withdraws Preferential Issue of 2,90,000 Equity Shares

Mold-Tek Technologies Limited has withdrawn its proposed preferential issue of up to 2,90,000 fully paid-up equity shares after the proposed allottee failed to transfer the share application money within the stipulated timeline. The Board of Directors approved the withdrawal through a circular resolution passed on May 1, 2026, as per intimation submitted to the stock exchanges under Regulation 30 of SEBI LODR Regulations.

The preferential issue had been previously approved by the Board at its meeting held on February 28, 2026, and subsequently by the members of the company at an extraordinary general meeting held on March 30, 2026. The issue was proposed to be made on a private placement basis to a proposed allottee, in accordance with Sections 42 and 62 of the Companies Act, 2013, and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Key Details of the Withdrawn Issue

Parameter Details Number of Shares Up to 2,90,000 equity shares Face Value ₹2 per share Issue Price ₹164 per share Premium ₹162 per share Basis Preferential issue on private placement

The company had received in-principle approval from both National Stock Exchange of India Limited and BSE Limited for the proposed preferential issue on April 16, 2026. However, the transaction could not proceed as the proposed allottee did not transfer the share application money within the required timeframe.

Timeline of Events

February 28, 2026: Board Meeting approved the preferential issue

March 30, 2026: Extraordinary General Meeting approved the preferential issue

April 16, 2026: Stock Exchanges granted in-principle approval

May 1, 2026: Board withdrew and cancelled the proposed preferential issue

The withdrawal of the preferential issue has been communicated to both BSE Limited and National Stock Exchange of India Limited for their information and records. The company's scrip is listed on BSE with code 526263 and on NSE with symbol MOLDTECH-EQ.

Mold-Tek Technologies Limited concluded its board meeting on April 20, 2026, with significant updates regarding dividend policy and audit procedures. The board decided to defer the declaration of interim dividend for Financial Year 2025-26, contrary to earlier considerations, while also conducting mandatory discussions with statutory auditors regarding audit scope and planning.

Board Meeting Outcome

The board meeting, which commenced at 12:00 PM IST and concluded at 14:20 PM IST, addressed two primary agenda items. The directors engaged in comprehensive discussions with the company's statutory auditors as per SA 260 - 'Communication with Those Charged with Governance' (TCWG) requirements, incorporating guidelines from the National Financial Reporting Authority (NFRA) circular dated January 7, 2026.

Meeting Details: Information Meeting Date: April 20, 2026 Start Time: 12:00 PM IST End Time: 14:20 PM IST Filing Reference: MTTL/SECT/05/2026-27 Audit Year: FY ending March 31, 2026

Dividend Policy Decision

The board has decided to defer the declaration of interim dividend for Financial Year 2025-26, aligning with the company's previous year practice. This decision represents a departure from the earlier announced consideration of interim dividend declaration. The company indicated that it may consider declaring a final dividend for FY 2025-26, with updates to be communicated in due course.

Audit Planning and Compliance

A significant portion of the meeting focused on audit-related discussions with statutory auditors. The board reviewed the scope of audit and audit plan for the financial year ending March 31, 2026, ensuring compliance with SA 260 requirements and NFRA guidelines. These discussions form part of the company's commitment to maintaining robust governance standards and regulatory compliance.

Regulatory Framework: Details Standard: SA 260 - TCWG Authority: National Financial Reporting Authority Circular Date: January 7, 2026 Compliance Officer: Prateek Kumar Tiwari Digital Signature Time: April 20, 2026 at 14:22:34 +05'30'

Corporate Information

The outcome was communicated to both BSE Limited and National Stock Exchange of India Limited through official regulatory filing. Company Secretary and Compliance Officer Prateek Kumar Tiwari digitally signed the communication, maintaining the company's adherence to listing obligations under SEBI regulations.

The company operates from its registered office in Jubilee Hills, Hyderabad, and continues to maintain transparent communication with stakeholders through proper regulatory channels. This decision reflects the board's strategic approach to dividend distribution while ensuring compliance with evolving regulatory frameworks.

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