Multibagger penny stock under Rs 20; Board likely to announce rights issue of shares post 1:10 stock split

Today, the shares of Mehai Technology Ltd gained 3.2 per cent to Rs 17.49 per share from its previous closing of Rs 16.92 per share. The stock’s 52-week high is Rs 34.01 per share, while its 52-week low is Rs 5.23 per share.

Mehai Technology Ltd is scheduled to be held meeting on Friday, August 22, 2025 to consider inter-alia the proposal of fund raising by way of equity shares or other securities of the Company through a rights issue and/or any other permissible mode, as may be permitted under applicable law, subject to such regulatory/statutory approvals as may be required and as may be deemed appropriate by the Board.

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Earlier, the shares of the company ex-traded a stock split on Friday, March 14, 2025. This corporate action involved splitting each equity share, which previously had a face value of Rs 10, into ten new shares, each with a face value of Re 1. This stock split aimed to increase the number of outstanding shares and reduce the per-share price.

About the Company

Mehai Technology Ltd manufactures and sells lighting products. The company offers LED bulbs, tube lights, and power banks. Mehai Technology also renders after-sales services. The company is an electronics retail chain operator in Eastern India which provides customers with a one-stop shop for all their electronics needs. At present, the company has 16 electronics retail stores in Patna and plans to open 4 new stores in Kolkata

According to the financials, Mehai Technology has a market cap of over Rs 500 crore. The company reported positive numbers in its Quarterly Results (Q1FY26) and annual results (FY25). The stock gave multibagger returns of 234 per cent from its 52-week low of Rs 5.23 per share and a whopping 1,000 per cent in 2 years.

Disclaimer: The article is for informational purposes only and not investment advice.