Agi Infra Limited has informed the Exchange regarding Outcome of Board Meeting held on March 02, 2026.
AGIIL · price
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AGI Infra Limited's board has approved a Qualified Institutional Placement (QIP) of equity shares with a floor price of ₹274.825 per share, calculated as per SEBI ICDR Regulations. The QIP issue will open on March 04, 2026, and the company may offer a discount of up to 5% on the floor price at its discretion. The board also approved the preliminary placement document to be sent to qualified institutional buyers. This follows shareholder approval via postal ballot on November 29, 2025.
The QIP will dilute existing shareholders by issuing new equity shares to institutional investors at or near the floor price. Shareholders should brace for potential equity dilution, and the stock may face short-term pressure until the final issue price is determined.