Maha Rashtra Apex Corporation Limited has announced a proposed Rights Issue of equity shares, aiming to raise up to ₹1,500 lakhs. The company has filed applications with the stock exchanges for comments on the Draft Letter of Offer (DLOF) and for in-principle listing approval for the Rights Issue. The DLOF, dated December 19, 2025, was approved by the Rights Issue Committee. The issue involves up to [●] equity shares of face value ₹10 each, offered at a price of ₹[●] per equity share. This is to be done on a rights basis to existing equity shareholders in the ratio of [•]:[•] for every [•] fully paid-up equity shares held on the record date, which is yet to be determined. The company was originally incorporated as "Maharashtra Apex Bank Limited" on April 26, 1943. The Draft Letter of Offer provides details on the issue, risk factors, financial information, and the terms of the issue. The existing Equity Shares of the company are listed on BSE Limited and the National Stock Exchange of India Limited. The company has received 'in-principle' approvals from BSE and NSE for listing the Rights Equity Shares.