Mehai Technology

Mehai Technology lapsed 11.86 crore convertible warrants after holders did not pay the remaining 75% of the issue price by 30 April 2026, forfeiting Rs10.38 crore of upfront money with effect from 1 May 2026. The company had allotted 28 crore warrants at Rs3.50 each in October 2024 for Rs98 crore, of which 16.14 crore were exercised and the balance lapsed with no change in paid-up capital. Dynamic Services & Security accounted for 2.30 crore of the lapsed warrants, the largest single holder listed. Consolidated revenue was Rs125.42 crore in the year to March 2026, with equity of Rs219.81 crore including Rs42.90 crore of warrant money. The company had allotted 8.04 crore shares at Rs3.50 on warrant conversion after March 2026.

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Mehai Technology entered a share purchase agreement on 12 October 2026 to acquire 100% of Hi-Tech Services Private Limited for Rs4.5 crore in cash. Hi-Tech Services is an India-based data processing and IT-enabled services company with paid-up capital of Rs2.8 lakh that reported nil turnover in FY24 through FY26, and the transaction was not classified as a related-party deal with completion subject to conditions precedent. The company's memorandum of association covered IT and IT-enabled services alongside solar, battery storage, petroleum, pharma and other verticals added through 2025 and 2026. Mehai reported consolidated revenue of about Rs124.5 crore in FY26 from sale of services and traded electronic goods, with operations concentrated in West Bengal. Consolidated assets stood at about Rs299.2 crore in March 2026 with equity of about Rs219.8 crore, and its subsidiaries included a 95% stake in mineral-water maker Mehai Aqua.

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Aug 31 (Reuters) - Mehai Technology Ltd MEHA.BO:

• INCORPORATES JOINT VENTURE WITH MANJEERA ENGINEERING

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Aug 19 (Reuters) - Mehai Technology Ltd MEHA.BO:

• MEHAI TECHNOLOGY LTD - TO CONSIDER FUND RAISING

Source text: ID:nBSEbwwCZR

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Jan 25 (Reuters) - Mehai Technology Ltd MEHA.BO:

• MEHAI TECHNOLOGY LTD - APPROVED SPLIT OF 1 SHARE OF COMPANY INTO 10

Source text: ID:nBSE9hGvyl

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Jan 15 (Reuters) - Mehai Technology Ltd MEHA.BO:

• TO CONSIDER PROPOSAL FOR FUND RAISING

• BOARD TO CONSIDER SUB-DIVISION/SPLIT OF SHARES

Source text: ID:nBSE2bhL1d

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Dec 17 (Reuters) - Mehai Technology Ltd MEHA.BO:

• MEHAI TECHNOLOGY LTD - GETS ORDER WORTH 2 MILLION RUPEES

Source text: ID:nBSE1QzDCN

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Dec 5 (Reuters) - Mehai Technology Ltd MEHA.BO:

• GETS ORDER WORTH 162.4 MILLION RUPEES

Source text: ID:nBSE2pPRJR

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Oct 3 (Reuters) - Mehai Technology Ltd MEHA.BO:

• ENTERS INTO SHAREHOLDERS, SHARE SUBSCRIPTION AGREEMENT WITH KBS CORPORATES

• MEHAI WILL OWN 51% OF SHAREHOLDING IN KBS CORPORATES

Source text for Eikon: ID:nBSE98rK8q

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July 30 (Reuters) - Mehai Technology Ltd MEHA.BO:

• MEHAI TECHNOLOGY - TO RAISE FUNDS VIA ISSUE OF 28 MILLION CONVERTIBLE WARRANTS

• MEHAI TECHNOLOGY- WARRANTS ISSUE AT PRICE OF 35 RUPEES EACH

Source text for Eikon: ID:nBSE5RVHbH

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July 23 (Reuters) - Mehai Technology Ltd MEHA.BO:

• TO CONSIDER RAISING FUNDS BY ISSUANCE OF WARRANTS

Source text for Eikon: ID:nBSE7pxWKW

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July 9 (Reuters) - Mehai Technology Ltd MEHA.BO:

• GETS ORDER WORTH 8.55 BILLION RUPEES

Source text for Eikon: ID:nBSEbl84Pr

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Mehai Technology Ltd MEHA.BO:

• MEHAI TECHNOLOGY LTD - APPROVED CONVERSION OF WARRANTS CONVERTIBLE INTO EQUITY SHARES

• MEHAI TECHNOLOGY LTD- APPROVED CONVERSION WORTH 63.8 MILLION RUPEES

Source text for Eikon: ID:nBSE683Z9Q

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Nov 30 (Reuters) - Mehai Technology Ltd MEHA.BO:

• GETS ORDERS FROM GOVERNMENT OF WEST BENGAL

Source text for Eikon: ID:nBSE3xlqX0

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Aug 8 (Reuters) - Mehai Technology Ltd MEHA.BO:

• TO CONSIDER RAISING FUNDS BY ISSUANCE OF CONVERTIBLE SHARE WARRANTS ON PREFERENTIAL BASIS

Source text for Eikon: ID:nBSEbdbLbG

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April 19 (Reuters) - Mehai Technology Ltd MEHA.BO:

• APPROVED REVISION OF RIGHTS ISSUE SIZE

• APPROVED REVISION OF RIGHTS ISSUE SIZE TO 490 MILLION RUPEES

Source text for Eikon: ID:nBSE36jRNF

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April 12 (Reuters) - Mehai Technology Ltd MEHA.BO:

• TO CONSIDER REVISING SIZE OF RIGHTS ISSUE

Source text for Eikon: ID:nBSE4yH3FS

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