Manas Polymers Rights Issue 2026: Dates, Price ₹16

What has been announced

Manas Polymers and Energies Ltd has moved ahead with a rights issue plan after receiving in-principle approval from the National Stock Exchange of India (NSE). The company has disclosed a fundraise size of about ₹24.88 crore through a rights issue of equity shares. The issue is scheduled to open on September 8, 2026 and close on September 21, 2026.

The rights issue price is stated at ₹16 per equity share, with a face value of ₹10 per share. The entitlement ratio is disclosed as 2:1, meaning two rights equity shares for every one equity share held as on the record date. The record date is stated as August 31, 2026.

Key dates shareholders should track

The rights issue timeline includes multiple investor-relevant cut-offs, including the last date to buy shares for eligibility and the last date for rights entitlement renunciation. Investors tracking the event should note that August 28, 2026 is mentioned as the last date to buy shares. The record date is August 31, 2026.

The subscription window is from September 8 to September 21, 2026. The timeline also mentions rights entitlement (RE) trading starting September 8, 2026 and the last date for RE trading as September 16, 2026. The renunciation of rights entitlements is also stated as September 16, 2026, and the deemed date of allotment is September 22, 2026.

Rights issue structure and offer terms

The offer is described as a rights issue of 15,552,000 equity shares, with a total value up to ₹24.88 crore. The issue is slated for listing on NSE. The entitlement ratio is provided as 2:1, described as “2 rights share for every 1 shares”.

The article data also includes an “Equity” figure of 1,55,52,000 equity shares, presented as an outstanding equity share count in the offer details section. Separately, there is a line stating “the company’s final ratio of around 1:3 implies the company will offer 1 equity share against 3 equity shares held,” which conflicts with the 2:1 ratio stated elsewhere. Based on the same article data, the repeatedly stated entitlement ratio is 2:1 tied to the record date of August 31, 2026.

Eligibility and rights entitlements (REs)

Eligibility is linked to shareholding on the record date. Investors who possess shares of Manas Polymers and Energies as on August 31, 2026 (record date) are described as eligible to receive rights entitlements (REs). The data also clarifies that REs are not shares by themselves.

It explicitly states that using the REs, investors must apply for the shares under the rights issue by paying ₹16 to the company. It also notes that investors can either receive REs from the company (based on eligibility) or purchase them from the market and then apply.

How to apply: ASBA, R-WAP, and offline options

The issue can be applied for via Net Banking (ASBA) and through the registrar’s website (R-WAP facility). The article also lists a broader set of methods: online ASBA, online R-WAP facility provided by the company’s RTA, and offline (physical ASBA) if the investor’s bank does not support online ASBA.

For offline ASBA, the process described is to fill out an application form received from the Registrar and Transfer Agent (RTA) via email or courier or speed post, and submit it at a Self-Certified Syndicate Banks (SCSBs) branch. These process points are presented as application routes available to investors for this rights issue.

Intermediary and company contact details

The registrar is listed as Purva Sharegistry (India) Pvt. Ltd. The contact details provided include phone number 022-41343255 and an email address shown as [email protected].

The company address is stated as: Plot No. 3, Baraghata, Industrial Area, Jhansi Road, Lashkar, Gwalior, Gird, Gwalior, 474001. The phone number is 7512991115 and the email is shown as [email protected]. The website is listed as https://manaspolymers.com/.

NSE approval, board actions, and disclosed filings

The company’s filings indicate a board meeting held on Saturday, July 11, 2026, where the Board of Directors approved several matters related to the proposed rights issue. These include approval to raise up to INR 25,00,00,000 (₹25 crore) through a rights issue of equity shares, approval of the Draft Letter of Offer, and constitution of a Rights Issue Committee.

The Rights Issue Committee is described as the body expected to decide key terms and conditions including the record date, rights issue price, rights entitlement ratio, and timing and terms of payment. The company also approved the appointment of intermediaries, agencies, bankers, and other related matters necessary to execute the rights issue.

The company further informed the exchange that it received NSE in-principle approval for the proposed rights issue of fully paid-up equity shares. The approval was communicated via NSE letter No. NSE/LIST/C/2026/0780 dated August 14, 2026, and the company stated it read the letter on August 17, 2026.

Stock and shareholding snapshot from the provided data

The provided data mentions “Previous Close” of ₹26.05 as on 04 Sep, 2026 at 02:33. Separately, it also states that on Friday, shares finished a flat session, settling at ₹40.75 per share, with a total traded quantity of 20,800.

Shareholding data shown includes promoter holding of 62.6 and FII holding of 0. The company identifiers in the text include Manas Polymers and Energies Limited (NSE: MPEL; ISIN: INE0U4H01011), and another line shows “NSE: MPELST” with the same ISIN code.

Key facts table

Market impact and what investors typically watch

A rights issue at a disclosed price of ₹16 and a 2:1 entitlement ratio can materially change the number of shares outstanding after allotment, subject to subscription and allotment outcomes. The timeline and RE trading window matter because REs have a limited period during which they can be acted upon, as per the dates provided.

The article data also highlights that investors must pay the issue price to convert an RE into shares. So the operational impact for shareholders is primarily about taking an action within the application window, or choosing renunciation through RE trading by the stated deadline.

Conclusion

Manas Polymers and Energies’ rights issue schedule is set, with the record date on August 31, 2026 and subscription open from September 8 to September 21, 2026 at ₹16 per share. The company has also disclosed key administrative milestones, including NSE in-principle approval (letter dated August 14, 2026) and the constitution of a Rights Issue Committee. Investors planning to participate will need to track the RE trading and renunciation timeline that runs through September 16, 2026, and apply via ASBA or the registrar’s R-WAP facility within the subscription period.