Maharashtra Apex Corporation board approved allotment of 1.41 crore equity shares at ₹10 each through a rights issue.
The rights issue doubles the company's paid-up equity share capital from ₹14.09 crore to ₹28.18 crore.
The allotment was finalized in consultation with Purva Share Registry and approved by BSE as the designated stock exchange.
The board meeting was held on April 4, 2026, from 4:00 PM to 5:15 PM to approve the allotment.