Acquisition of stake in Virtuoso Meditech Infra LLP.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
B.R.Goyal Infrastructure Ltd held its Board meeting on 30 May 2026 approving multiple items. The company reported standalone revenue of Rs. 81.55 crore for FY26 with profit after tax of Rs. 28.59 crore and EPS of Rs. 15.23 (consolidated revenue Rs. 82.46 crore, PAT Rs. 44.82 crore). The Board recommended a final dividend of Rs. 0.25 per share (2.5% on face value), subject to shareholder approval. The company plans to raise up to Rs. 13.09 crore by issuing 11 lakh convertible warrants at Rs. 119 each to 9 non-promoter allottees, convertible into equity shares within 18 months. The Board also sought approval to increase borrowing limits to Rs. 700 crore. Additionally, the company acquired a 10% stake in Virtuoso Infra Meditech LLP for Rs. 1.5 lakh through capital contribution.
The acquisition of a 10% stake for just Rs. 1.5 lakh is very small and unlikely to have significant impact on the stock. The Rs. 13.09 crore warrant issue will lead to dilution of approximately 4.6% upon conversion. The increased borrowing limit and the fund raise indicate the company is seeking growth capital.