Manorama Industries Ltd announced on Thursday, March 12, that its board has approved raising funds of up to ₹500 crore through the issuance of securities. According to reports from CNBC TV18 and Upstox, 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. The company plans to issue securities including equity shares, non-convertible debt instruments with warrants, convertible securities or any other eligible instruments, in one or more tranches.
As reported by CNBC TV18 and Upstox, the board 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. The board also approved the appointment of Mehta & Mehta Company Secretaries as scrutinisers for conducting the postal ballot and MUFG Intime India Private Limited to provide the e-voting facility.
According to CNBC TV18 and Upstox, reported standalone quarterly numbers for Manorama Industries show strong financial performance. Net sales reached ₹362.54 crore in December 2025, representing a 73.29% increase 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. Earnings per share (EPS) rose to ₹11.43 in December 2025 from ₹4.96 in the year-ago period. The company also reported an 113.1% year-on-year surge in consolidated net profit to ₹68.2 crore in Q3 FY26, compared to ₹29.53 crore in the corresponding period of the previous fiscal year.
As reported by CNBC TV18 and Upstox, shares of Manorama Industries Ltd ended lower on Thursday, March 12, by 0.64% at ₹1,325.40 on the NSE. 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. The fundraiser was announced after market hours on Thursday, March 12. The stock has lost 3% in the last week and more than 7% over the month, while on a year-to-date basis, the scrip has declined by 0.3%. The company has a total market capitalisation of ₹7,932.88 crore as of March 12, 2026, according to NSE data.