Issue of Convertible Equity Warrants under Preferential Issue.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
B.R.Goyal Infrastructure Limited's Board approved raising up to Rs. 13.09 crore through issuance of 11 lakh Convertible Warrants at Rs. 119 per warrant (including Rs. 109 premium) to 9 non-promoter allottees. Each warrant is convertible into 1 equity share within 18 months from allotment, subject to shareholder and regulatory approvals. The company also reported strong FY2026 results with consolidated revenue of Rs. 820.32 crore (up 61% from Rs. 509.80 crore) and consolidated profit of Rs. 44.82 crore (up 78% from Rs. 25.27 crore). Basic EPS improved to Rs. 23.87 from Rs. 13.41. The Board recommended a final dividend of Rs. 0.25 per share (2.5% on face value) and proposed increasing borrowing limits to Rs. 700 crore. An EOGM is scheduled for June 29, 2026 for shareholder approvals.
The warrant issuance at Rs. 119 with 18-month conversion window represents controlled dilution, as the price appears set near market rates per SEBI ICDR regulations. Strong revenue and profit growth signals healthy operations, while the dividend reflects commitment to shareholders. The Rs. 700 crore borrowing limit increase indicates plans for significant future capex or debt repayment.