Milgrey Finance & Investments Ltd has informed BSE Limited about the outcome of its Board Meeting held on Monday, June 29, 2026. The meeting commenced at 05:00 PM (IST) and concluded at 06:00 PM (IST).
Key Decision Approved
The Board of Directors considered and approved the raising of funds through a rights issue of equity shares. The specific details are:
- Instrument: Equity shares of face value ₹10.00 (Rupees Ten only) each
- Issue Price: At par or at premium as determined by a committee in due course
- Maximum Amount: Not exceeding ₹60.00 crores (Rupees Sixty Crores Only)
- Eligible Participants: Existing equity shareholders of the Company as on a record date to be determined later
- Approval Requirements: Subject to receipt of statutory/regulatory approvals
Regulatory Framework
The rights issue will be conducted in accordance with:
- Securities and Exchange Board of India (Issue of Capital and Disclosures Requirements) Regulations, 2018
- Other applicable laws
- Disclosure made under Regulation 30 of SEBI Listing Regulations
- SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
Implementation Details
The detailed terms of the rights issue will be determined in due course by the Board or a Committee to be constituted by the Board. These terms include:
- Issue price
- Rights entitlement ratio
- Record date
- Timing and terms of payment
All implementation is subject to receipt of necessary approvals as may be required.
Annexure A Details
The annexure provides additional details as required under SEBI regulations:
- Type of securities: Fully paid-up Equity Share of face value ₹10.00 each at Par or at Premium
- Type of issuance: Right issue to existing shareholders
- Total amount: Not exceeding ₹60 crores (Rupees Sixty crores Only)
- Number of shares: To be determined based on the ratio decided by the Board/Rights Issue committee