Announced Thu, 2 Jul · 18:42 IST
Board approves Rs 27.72 cr preferential issue, EGM on July 31
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
The board approved issuing up to 24,10,431 equity shares at Rs 115 each (face value Rs 10, premium Rs 105) on a preferential basis to non-promoter allottees, raising up to Rs 27.72 crore. An EGM will be held on July 31, 2026 at 12:30 PM via video conferencing to seek shareholder approval. Largest allottee is Vijay Rathee at 12.06 percent post-issue, followed by Vijaylaxmi Infra Projects at 7.16 percent. Subject to shareholder and regulatory approvals.
Likely market impact
Dilution risk as 24.1 lakh new shares go to non-promoters at Rs 115. Await shareholder nod at July 31 EGM.