Minolta Finance Revises Rights Issue Schedule: On-Market Renunciation Deadline Advanced to August 11, 2026

Minolta Finance Limited (BSE Scrip Code: 532164 | CSE Scrip Code: 10023910) has announced an important revision to the schedule of its upcoming Rights Issue. Following a Board of Directors meeting held on Tuesday, July 28, 2026, the company has officially advanced the last date for On-Market Renunciation of Rights Entitlements from Friday, August 14, 2026, to Tuesday, August 11, 2026.

The board meeting commenced at 05:30 PM IST and concluded at 06:00 PM IST. The company confirmed that a formal Corrigendum to the Letter of Offer and Abridged Letter of Offer is being issued and circulated to BSE Limited, The Calcutta Stock Exchange Limited, and all eligible equity shareholders.

Key Details of the Proposed Rights Issue

Minolta Finance Limited is offering up to 40,00,00,000 fully paid-up equity shares of face value ₹1 each at an issue price of ₹1.20 per share (including a premium of ₹0.20 per share). The aggregate size of the issue stands at up to ₹48,00,00,000.

The rights shares are being offered to eligible equity shareholders in an entitlement ratio of 4 (four) Rights Equity Shares for every 1 (one) fully paid-up equity share held as on the record date of Friday, July 17, 2026.

The company's promoters-Mr. Ashok Kumar Goenka, Ms. Malti S. Kothari, Mr. Rajiv S. Kothari, Mr. Rajkumar Goenka, and Mr. Shova Goenka-are named in the offer documents supporting the capitalized expansion effort.

Revised Final Issue Schedule

With the modification approved by the Board under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the final timeline for the Rights Issue is as follows:

Credit of Rights Entitlements: Completed on or about Monday, July 27, 2026

Issue Opening Date: Thursday, July 30, 2026

Revised Last Date for On-Market Renunciation: Tuesday, August 11, 2026

Issue Closing Date: Monday, August 17, 2026

Finalization of Basis of Allotment: Expected on or about Thursday, August 20, 2026

Date of Allotment: Expected on or about Friday, August 21, 2026

Credit of Shares to Demat Accounts: Expected on or about Monday, August 24, 2026

Commencement of Trading / Listing Date: Expected on or about Thursday, August 27, 2026

Impact of the Corrigendum

According to the compliance officer, Shefali Gupta, the decision to revise the On-Market Renunciation deadline was taken pursuant to powers conferred upon the Board in the Letter of Offer dated June 30, 2026, and is executed in full compliance with applicable laws for the benefit of eligible shareholders.

All disclosures in the Letter of Offer, Abridged Letter of Offer, Application Form, and Rights Entitlement Letter-specifically on the cover page, general definitions section, issue schedule pages, and renunciation provisions-stand updated to reflect the new On-Market Renunciation closing date of August 11, 2026.

Minolta Finance Limited (CIN: L65921WB1993PLC057502) was originally incorporated on January 15, 1993, in Kolkata, West Bengal. The company initially made its public offer of equity shares on The Calcutta Stock Exchange on June 2, 1997, and subsequently listed on the Bombay Stock Exchange on July 10, 1997. It maintains its registered office in Kolkata and operates its corporate office out of Malad East, Mumbai.

Source : Equity Bulls

Keywords

MinoltaFinance RightsIssue FundRaising