Raising of funds by way of issue of Convertible Equity Warrants.
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 Rs. 13.09 crore by issuing 11 lakh Convertible Warrants at Rs. 119 each (including Rs. 109 premium) to 9 non-promoter allottees on a preferential private placement basis. Each warrant is convertible into 1 equity share within 18 months from allotment, subject to shareholder and regulatory approvals. The company also approved audited FY2026 results showing consolidated revenue of Rs. 82,032 Lakhs and recommended a final dividend of Rs. 0.25 per share (2.5%). Additionally, the board sought approval to increase borrowing limits to Rs. 700 crore and acquired a 10% stake in Virtuoso Infra Meditech LLP for Rs. 1.5 lakh.
The warrant issuance at Rs. 119 (11.9x face value) indicates significant investor confidence but will dilute equity upon conversion. The proposed Rs. 700 crore borrowing limit increase signals potential debt-funded growth plans. Shareholders should monitor warrant conversion timelines and voting outcomes at the EOGM on June 29, 2026.