SML Mahindra approves ₹1,450 crore rights issue
SML Mahindra (BSE: SMLMAH) said it has approved rights issue of ₹1,450 crore. The company is valued at about ₹7,133 crore.
What happened
SML Mahindra (BSE: SMLMAH) informed the stock exchanges on 6 November 2026 at 12:24 PM that it has approved rights issue of ₹1,450 crore.
From the filing: "The Board of Directors of the Company at its meeting held today, 6th November 2026, has approved fund raising by way of rights issue for an amount not exceeding Rs. 1450 Crore."
How big is it?
At ₹1,450 crore, the issue is equal to about 20.3% of the company's market value of ₹7,133 crore.
Company snapshot
SML Mahindra is a small-cap company in the Capital Goods sector, with a market value of about ₹7,133 crore.
The stock last traded at ₹4,928.8, against a 52-week range of ₹2,749–₹6,898.5 (28.6% below the high).
Before this filing the shares had moved −22.4% over the month and −13.1% over three months. Average daily turnover over the last 20 sessions was about ₹39.9 crore.
Promoters held 58.97% at the end of Q2 FY27. Foreign institutions owned 3.65% and domestic institutions 2.75%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 555 | 21.1 | 14.55 |
| Q3 FY26 | 539 | 17.5 | 12.11 |
| Q4 FY26 | 898 | 54.2 | 37.46 |
| Q1 FY27 | 958 | 63.6 | 43.96 |
| Q2 FY27 | 670 | 11.7 | 8.09 |
What history shows
BCEIE has no earlier fund raising filing from this company on record since May 2026.
Across 86 similar disclosures by other Capital Goods companies, shares moved +1.2% on average the next day and +1.8% over five days; 52% of them rose the next day.
Market-wide, 1,733 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.3%, with 47% rising.
Past reactions describe what happened before; they are not a forecast.
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
- 6 November 2026: Board meeting — Fund Raising.
In the news
Recent coverage elsewhere (links open the original publisher):
- SML Mahindra Board To Consider Fund Raising Via Equity Or Other Securities
- SML Mahindra shares jump 2.5% ahead of November 6 board meet to consider fundraise
- SML Mahindra Oct sales up 1%, 9M volume rises 13% to 10,405 units
- DT Next Campus | Applications open for SML Mahindra Scholarship Programme; here is how you can apply
- SML Mahindra Limited (SMLMAH.BO) stock price, news, quote and history
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.