Chiraharit Allots ₹48 Lakh in MPPL Rights Issue

Allotment Details: Chiraharit Limited has been allotted 4,80,000 equity shares of face value ₹10 each by Malaxmi Polymers Private Limited (MPPL)
Investment Amount: ₹48,00,000 (Rupees Forty-Lakhs Only)
Post-Allotment Holding: 18,00,000 equity shares, representing 72% of total shareholding in MPPL
MPPL Financials:
Authorized Capital: ₹3,00,00,000 (Rupees Three Crores)
Paid-up Capital: ₹2,50,00,000 (Rupees Two Crore Fifty Lakhs)
FY 2025-26 Turnover: ₹7,35,87,172
FY 2024-25 Turnover: ₹8,46,92,204
FY 2023-24 Turnover: ₹8,78,00,458

Listed Entity: Chiraharit Limited (CIN: L29100TG2006PLC050818)
Target Entity: Malaxmi Polymers Private Limited (Subsidiary Company/MPPL)
Related Parties:
Mrs. Tejaswini Yarlagadda (Shareholder in MPPL)
Mr. G.V. Ramana Reddy (Shareholder in MPPL)
Mr. Pavan Kumar Bang (Director in MPPL and Managing Director & CEO of Chiraharit Limited)

MPPL Industry: Manufacturing – Plastics & Polymer Products (HDPE/PVC Pipes)
Business Purpose: MPPL is engaged in manufacturing of plastic and polymer products, supporting the main line business of Chiraharit Limited
Geographic Presence: India

Transaction Type: Rights Issue allotment
Consideration: At face value of ₹10 per share
Related Party Status: Classified as related party transaction but conducted at arm's length basis
Government Approvals: Not applicable

Increases Chiraharit's ownership in MPPL from previous undisclosed level to 72% controlling stake
No dilution effect on Chiraharit's own capital structure