Mega Nirman & Inds.
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Mega Nirman & Industries withdrew its proposed Rs 50 crore rights issue and withdrew the draft letter of offer filed with BSE. The company said the move followed a proposed review of the objects and utilisation of proceeds as well as the overall structure and terms of the issue. It said the board may in due course deliberate on the objects and other aspects and decide on a fresh rights issue with modifications subject to laws and approvals. The proposed issue had been approved by the board in November 2025 and February 2026 but had not yet opened. The company earned revenue of about Rs 14.8 crore in FY26, with about 91% from EV and other operations and the rest from first-year infrastructure services. Net worth stood at about Rs 38.5 crore after dilution, with capital work-in-progress of about Rs 30.7 crore in charging infrastructure.
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Mega Nirman & Industries withdrew its proposed Rs 50 crore rights issue and withdrew the draft letter of offer filed with BSE. The company said the move followed a proposed review of the objects and utilisation of proceeds as well as the overall structure and terms of the issue. It said the board may in due course deliberate on the objects and other aspects and decide on a fresh rights issue with modifications subject to laws and approvals. The proposed issue had been approved by the board in November 2025 and February 2026 but had not yet opened. The company earned revenue of about Rs 14.8 crore in FY26, with about 91% from EV and other operations and the rest from first-year infrastructure services. Net worth stood at about Rs 38.5 crore after dilution, with capital work-in-progress of about Rs 30.7 crore in charging infrastructure.
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Sept 17 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
WITHDRAWS APPLICATION AND DRAFT LETTER OF OFFER FOR PROPOSED RIGHTS ISSUE
Further company coverage: MEGN.BO
(([email protected];))
Sept 17 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
WITHDRAWS APPLICATION AND DRAFT LETTER OF OFFER FOR PROPOSED RIGHTS ISSUE
Further company coverage: MEGN.BO
(([email protected];))
Mega Nirman & Industries said Ramanuj Murlinarayan Darak ceased to continue as Whole-Time Director from August 25 after shareholders rejected his reappointment at the company’s annual general meeting. The resolution received 7,520 votes in favour and 20,359,102 against, with the latter representing 99.96% of valid votes. The company said it would take steps to ensure that its board continued to meet the statutory minimum number of directors. The same meeting approved the appointment of Ankan Gupta as chairman and managing director, the appointment of Krishan Rakesh & Co. as statutory auditor, and amendments to the articles of association. Anand Rai and Sushma Jain had also resigned as directors effective August 11, while Himanshu Gopal and Shruti Swaroop were appointed to the board. Revenue was ₹14.8 crore in FY26, while net worth stood at ₹38.5 crore after dilution.
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Mega Nirman & Industries said Ramanuj Murlinarayan Darak ceased to continue as Whole-Time Director from August 25 after shareholders rejected his reappointment at the company’s annual general meeting. The resolution received 7,520 votes in favour and 20,359,102 against, with the latter representing 99.96% of valid votes. The company said it would take steps to ensure that its board continued to meet the statutory minimum number of directors. The same meeting approved the appointment of Ankan Gupta as chairman and managing director, the appointment of Krishan Rakesh & Co. as statutory auditor, and amendments to the articles of association. Anand Rai and Sushma Jain had also resigned as directors effective August 11, while Himanshu Gopal and Shruti Swaroop were appointed to the board. Revenue was ₹14.8 crore in FY26, while net worth stood at ₹38.5 crore after dilution.
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April 9 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
MEGA NIRMAN & INDUSTRIES LTD - MEGACHARGE PARTNERS WITH NHEV TO DEPLOY 660 EV CHARGING POINTS
Source text: ID:nBSE7qVRR1
Further company coverage: MEGN.BO
(([email protected];))
April 9 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
MEGA NIRMAN & INDUSTRIES LTD - MEGACHARGE PARTNERS WITH NHEV TO DEPLOY 660 EV CHARGING POINTS
Source text: ID:nBSE7qVRR1
Further company coverage: MEGN.BO
(([email protected];))
Feb 25 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
MEGA NIRMAN & INDUSTRIES LTD - APPROVED FUNDRAISING THROUGH EQUITY SHARES UP TO 500 MILLION RUPEES
Source text: ID:nBSE5cGq87
Further company coverage: MEGN.BO
(([email protected];))
Feb 25 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
MEGA NIRMAN & INDUSTRIES LTD - APPROVED FUNDRAISING THROUGH EQUITY SHARES UP TO 500 MILLION RUPEES
Source text: ID:nBSE5cGq87
Further company coverage: MEGN.BO
(([email protected];))
Feb 17 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
TO CONSIDER RAISING OF FUNDS
Source text: ID:nBSEbXYqWG
Further company coverage: MEGN.BO
(([email protected];;))
Feb 17 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
TO CONSIDER RAISING OF FUNDS
Source text: ID:nBSEbXYqWG
Further company coverage: MEGN.BO
(([email protected];;))
July 25 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
MEGA NIRMAN & INDUSTRIES LTD - PROPOSAL TO ISSUE EQUITY SHARES ON 1:1 RIGHTS BASIS
Source text: ID:nBSE8RplQN
Further company coverage: MEGN.BO
(([email protected];;))
July 25 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
MEGA NIRMAN & INDUSTRIES LTD - PROPOSAL TO ISSUE EQUITY SHARES ON 1:1 RIGHTS BASIS
Source text: ID:nBSE8RplQN
Further company coverage: MEGN.BO
(([email protected];;))
Aug 8 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
APPROVED FUNDRAISE UP TO 1 BILLION RUPEES
Source text for Eikon: ID:nBSE2MtRJR
Further company coverage: MEGN.BO
(([email protected];))
Aug 8 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
APPROVED FUNDRAISE UP TO 1 BILLION RUPEES
Source text for Eikon: ID:nBSE2MtRJR
Further company coverage: MEGN.BO
(([email protected];))
July 25 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
MEGA NIRMAN & INDUSTRIES - TO CONSIDER ISSUE OF FURTHER SHARE CAPITAL
Source text for Eikon: ID:nBSE1z7sXL
Further company coverage: MEGN.BO
(([email protected];))
July 25 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
MEGA NIRMAN & INDUSTRIES - TO CONSIDER ISSUE OF FURTHER SHARE CAPITAL
Source text for Eikon: ID:nBSE1z7sXL
Further company coverage: MEGN.BO
(([email protected];))
Aug 25 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
APPROVED FUNDRAISE UPTO 375 MILLION RUPEES
FUNDRAISE VIA ISSUE OF FULLY CONVERTIBLE WARRANTS
Source text for Eikon: ID:nBSE16gk2P
Further company coverage: MEGN.BO
(([email protected];))
Aug 25 (Reuters) - Mega Nirman & Industries Ltd MEGN.BO:
APPROVED FUNDRAISE UPTO 375 MILLION RUPEES
FUNDRAISE VIA ISSUE OF FULLY CONVERTIBLE WARRANTS
Source text for Eikon: ID:nBSE16gk2P
Further company coverage: MEGN.BO
(([email protected];))
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What does Mega Nirman & Inds. do?
Mega Nirman & Industries Limited is engaged in acquiring and dealing in precious metals, stones, and jewelry. The company is involved in wholesale and retail trading of these items as well as articles made of precious metals and stones.
Who are the competitors of Mega Nirman & Inds.?
Mega Nirman & Inds. major competitors are Shantidoot InfraServ, Art Nirman, Dharan Infra-EPC, Maruti Infrastruct., Navkar Urbanst., Shri Krishna Devcon, Grovy India. Market Cap of Mega Nirman & Inds. is ₹104 Crs. While the median market cap of its peers are ₹99 Crs.
Is Mega Nirman & Inds. financially stable compared to its competitors?
Mega Nirman & Inds. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Mega Nirman & Inds. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Mega Nirman & Inds. latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Mega Nirman & Inds. allocated its funds?
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress
How strong is Mega Nirman & Inds. balance sheet?
Balance sheet of Mega Nirman & Inds. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Mega Nirman & Inds. improving?
Yes, profit is increasing. The profit of Mega Nirman & Inds. is ₹0.57 Crs for TTM, ₹0.35 Crs for Mar 2026 and ₹0.05 Crs for Mar 2025.
Is the debt of Mega Nirman & Inds. increasing or decreasing?
Yes, The net debt of Mega Nirman & Inds. is increasing. Latest net debt of Mega Nirman & Inds. is ₹0 Crs as of Mar-26. This is greater than Mar-25 when it was -₹4.98 Crs.
Is Mega Nirman & Inds. stock expensive?
Yes, Mega Nirman & Inds. is expensive. Latest PE of Mega Nirman & Inds. is 186, while 3 year average PE is 120. Also latest EV/EBITDA of Mega Nirman & Inds. is 1313 while 3yr average is 72.07.
Has the share price of Mega Nirman & Inds. grown faster than its competition?
Mega Nirman & Inds. has given better returns compared to its competitors. Mega Nirman & Inds. has grown at ~38.29% over the last 3yrs while peers have grown at a median rate of -9.2%
Is the promoter bullish about Mega Nirman & Inds.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Mega Nirman & Inds. is 0.29% and last quarter promoter holding is 0.29%.
Are mutual funds buying/selling Mega Nirman & Inds.?
There is Insufficient data to gauge this.