📈 Maharaja Foods Rights Issue Oversubscribed by 197%

Maharaja Foods PLC has successfully concluded its Rights Issue, raising Rs. 112.5 Mn after receiving overwhelming demand from shareholders. The issue was significantly oversubscribed, with total applications reaching 24.72 million shares against the 12.5 million shares offered. • Key Figures Issue Price: Rs. 9.00 per share (1-for-10 basis). Current Market Price: Rs. 13.30 (as of March 6, 2026). Total Subscriptions: 24,723,629 shares (Entitlements: 12.33 Mn; Additional: 12.39 Mn). • Strategic Fund Allocation Retail Expansion: Rs. 47.5 Mn to establish a SPAR–Maharaja SaveMore outlet in Kotahena (setup and inventory). Debt Reduction: Rs. 50.0 Mn to settle loans and overdrafts with HNB, aimed at lowering finance costs. Product Innovation: Rs. 15.0 Mn to launch a new range of ready-made rice and curry mixes, targeting the growing ready-to-eat and instant food market. The successful capital raise supports the company’s push into high-growth food processing and retail segments while strengthening its balance sheet. _Note: Based on company disclosures as of March 9, 2026._