Announced Thu, 2 Jul · 18:22 IST
Board approves preferential issue of 24.10 lakh shares to raise Rs 27.72 crore
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve
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AI summary
The Board approved a preferential issue of up to 24,10,431 equity shares at Rs 115 each (face value Rs 10 plus Rs 105 premium) to non-promoter investors, aggregating up to about Rs 27.72 crore. Allottees include 14 individuals and Vijaylaxmi Infra Projects. An EGM is scheduled on July 31, 2026 via video conferencing to seek shareholder approval.
Likely market impact
Equity issuance to non-promoters at a premium will dilute existing shareholders. End use of funds not disclosed. EGM and regulatory approvals still pending.