Date: October 23, 2026
Board Meeting Outcomes
- The company has appointed CARE Ratings Limited as the monitoring agency to monitor the utilization of proceeds from the preferential issue
- The preferential issue consisted of 50,00,013 equity shares and 24,07,223 warrants, each convertible into one equity share of face value ₹10 each
- The issue price was ₹135 per security
- Total issue size: ₹99,99,76,860 (approximately ₹100 crore)
Monitoring Agency Details
- Monitoring agency: CARE Ratings Limited
- CARE Ratings is a credit rating agency registered with SEBI
- The agency will monitor utilization of preferential issue proceeds in accordance with applicable regulatory requirements
Company Commitments
- The company shall make requisite disclosures as required
- The company will comply with all applicable provisions of SEBI LODR Regulations, SEBI ICDR Regulations and other applicable laws
- The information is being uploaded on the company website at www.manbafinance.com