Minolta Finance Rights Issue 2026: 40 Cr Shares Allotted

Key development: board clears rights share allotment

Minolta Finance Limited said its Board of Directors has approved the allotment of 40,00,00,000 fully paid-up Rights Equity shares. The company stated the shares carry a face value of ₹1 each and were issued at ₹1.20 per share, including a premium of ₹0.20 per share. The announcement date mentioned in the provided information is August 24, 2026. The company also said it will apply to stock exchanges for listing and trading approval of these shares. The rights issue is described as being aimed at mobilising funds and expanding the company’s capital base. The same set of materials also describes a detailed schedule leading up to listing.

Issue terms: price, premium, ratio, and record date

The rights issue is described as an offer of up to 40 crore equity shares at a fixed price of ₹1.20 per share. Eligibility is linked to a record date of July 17, 2026, with the “last date to buy shares” stated as July 16, 2026. The entitlement ratio is stated as 4:1, meaning 4 Rights Equity Shares for every 1 fully paid-up equity share held on the record date. The terms of payment are noted as “Full,” indicating full application money payable for the number of shares applied. Post-allotment, the rights shares are stated to be listed on BSE and CSE, with the listing venue also specifically stated as BSE in one table. The BSE code provided is 532164.

Fundraise size: ₹48 crore cited, with one conflicting figure

Across the provided text, the total size of the rights issue is repeatedly stated as approximately ₹48 crore, based on 40 crore shares issued at ₹1.20 per share. The materials also describe the aggregate issue amount as “up to ₹48 crore” and refer to “₹48.00 Crores” as the rights issue size. However, one set of provided details includes a separate line stating “Total Capital Raised | ₹4.8 crore,” which conflicts with the ₹48 crore figure stated elsewhere. The same dataset later reiterates “₹48 crore” multiple times, including a line stating “The total value of this rights issue is approximately ₹48 crore.” The article therefore reflects both figures as stated, while noting that ₹48 crore is the consistently repeated amount in the text.

Timeline changes: renunciation date advanced after July 28 meeting

Minolta Finance also disclosed a timeline modification after a Board meeting held on Tuesday, July 28, 2026. It stated that the last date for on-market renunciation of Rights Entitlements was advanced from Friday, August 14, 2026 to Tuesday, August 11, 2026. The modification is described as being approved under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The “final timeline” section presented after the July 28 meeting lists the revised renunciation date as August 11, 2026 and the issue closing date as August 17, 2026. Separately, another table in the materials lists “Renunciation of Rights Entitlements: August 14, 2026,” which appears to reflect the earlier schedule.

Board-approved schedule through listing

The provided information lays out the following sequence from Rights Entitlements credit to listing. Credit of Rights Entitlements was completed on or about Monday, July 27, 2026. The issue opening date is stated as Thursday, July 30, 2026, and the issue closing date as Monday, August 17, 2026. Finalisation of the basis of allotment is expected on or about Thursday, August 20, 2026, followed by the deemed date of allotment on or about Friday, August 21, 2026. Credit of shares to demat accounts is expected on or about Monday, August 24, 2026. Commencement of trading or listing is expected on or about Thursday, August 27, 2026.

Use of proceeds and issue expenses stated

The company’s stated object for the issue includes “Augmenting the capital base of the Company,” with an estimated amount of ₹46.50 crore. Issue expenses are also detailed in the provided text, with an estimated ₹0.20 crore allocated to payments including merchant banker fees, underwriting and selling commissions, brokerage, advisors, registrars, legal advisors, and out-of-pocket expenses. These figures are presented as estimates in the materials. The net proceeds utilisation is described in terms of strengthening the capital base rather than specifying new projects.

Paid-up capital impact mentioned post issue

One section of the provided text states that post-rights issue, the company’s current paid-up equity capital of ₹10.00 crore will stand enhanced to ₹50.00 crore. This statement is presented as a post-allotment outcome in the materials. The same portion notes the rights issue involves 400,000,000 equity shares of Re. 1 each, aligning with the 40 crore shares referenced elsewhere. The rights issue structure and pricing together support the larger ₹48 crore figure cited across the text.

How investors could participate (as stated)

The materials also note that investors could participate in the rights issue via an offline form download, or apply online via ASBA or UPI options. These participation routes are described as options available to eligible stakeholders. The timeline is tied to the record date and the rights entitlement process. Renunciation details are specifically highlighted due to the change in the on-market renunciation deadline.

Key facts at a glance

Timeline table: key dates provided by the company

Market impact and what to track next

The allotment approval and the stated listing timetable provide a clear path for the new rights shares to begin trading, subject to stock exchange approvals. Investors tracking the rights issue will focus on the demat credit date around August 24, 2026 and the expected listing around August 27, 2026, as stated. Another key point is the revised on-market renunciation deadline of August 11, 2026, which was formally advanced from the earlier date of August 14, 2026. The stated issue proceeds are primarily aimed at augmenting the company’s capital base, with specific estimated allocations provided for the object and expenses. For shareholders, the record date of July 17, 2026 and the 4:1 entitlement ratio remain the core reference points for eligibility and entitlements. The company has indicated it will apply for listing and trading approval, which will be the next procedural step referenced in the disclosures.

Conclusion

Minolta Finance’s board-approved allotment of 40 crore rights shares at ₹1.20 each marks the completion of the issuance process described in its rights issue timeline. The company has also laid out expected dates for demat credit and listing in late August 2026 and highlighted a revised on-market renunciation deadline of August 11, 2026. Next, market participants will watch for stock exchange approvals for listing and trading and the actual commencement of trading around the stated date of August 27, 2026.