Hot Pursuit
SML Mahindra Limited plans to raise up to Rs 1450 crore through a rights issue of fully paid-up equity shares with a face value of Rs 10 each, offered to eligible shareholders as on a record date to be determined, subject to regulatory approvals. The rights issue will be conducted according to the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, with the issue price, rights entitlement ratio, record date, and other terms to be decided by the Board or Rights Issue Committee. The Board of Directors approved this decision at a meeting held on November 6, 2026, which commenced at 11:30 AM and concluded at 12:03 PM, and also disclosed details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.