Manorama Industries Board Approves ₹500 Cr Fundraise; QIP Planned

• Manorama Industries board approved raising up to ₹500 crore through various securities, including equity shares and debt instruments.
• The fundraise may occur via Qualified Institutional Placement (QIP) or other permissible modes, subject to regulatory and shareholder approvals.
• Shareholder approval will be sought via postal ballot, with March 13, 2026, set as the record date for eligible shareholders.
• Company reported strong Q3 FY26 results: Net Sales up 73.29% to ₹362.54 crore, Net Profit up 131.1% to ₹68.24 crore.
• Shares closed at ₹1,277.50 on Jan 27, 2026, delivering 28.37% return over 12 months, but fell 0.64% on March 12.