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Manorama Industries board approves ₹500-cr fundraise via QIPManorama Industries Ltd plans to raise ₹500 crore via securities issuance, including equity shares and convertible securities. Shares of Manorama Industries Ltd ended lower on Thursday, March 12, by 0.64% at 1,328.60 on the NSE.By Megha Rani  March 12, 2026, 5:26:42 PM IST (Updated)2 Min Read

Manorama Industries Ltd on Thursday, March 12, said its board has approved raising funds of up to ₹500 crore through the issuance of securities, including equity shares, non-convertible debt instruments with warrants, convertible securities or any other eligible instruments, in one or more tranches.

The company said the fundraise may be carried out through qualified institutional placements (QIP) or any other permissible mode under applicable laws, subject to necessary regulatory and shareholder approvals.

According to an exchange filing, the board also approved a postal ballot notice under Section 110 of the Companies Act, 2013 to seek shareholders’ approval for the proposed fundraising. The notice will be sent via email to eligible shareholders whose names appear in the register of members or list of beneficial owners as of March 13, 2026.

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The board further approved the appointment of Mehta & Mehta Company Secretaries as scrutinisers for conducting the postal ballot and MUFG Intime India Private Limited (formerly Link Intime India Pvt Ltd) to provide the e-voting facility, according to the exchange filing.

Financial performance

Reported standalone quarterly numbers for Manorama Industries show net sales at ₹362.54 crore in December 2025, up 73.29% from ₹209.20 crore in December 2024. Quarterly net profit rose 131.1% to ₹68.24 crore from ₹29.53 crore a year earlier, while EBITDA increased 91.16% to ₹109.17 crore from ₹57.11 crore.

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Earnings per share (EPS) rose to ₹11.43 in December 2025 from ₹4.96 in the year-ago period. The company’s shares closed at ₹1,277.50 on January 27, 2026 on the National Stock Exchange of India, delivering returns of -24.27% over the last six months and 28.37% over the past 12 months.

Shares of Manorama Industries Ltd ended lower on Thursday, March 12, by 0.64% at 1,328.60 on the NSE.

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Continue ReadingFirst Published: Mar 12, 2026 5:26 PM ISTTagsequity sharesFundraisenon-convertible debentureQIP