Notice is hereby given that the Extraordinary General Meeting of the Members of the Company will be held on Thursday, 18 December, 2025 at 3 PM at the registered office of the company through ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Beezaasan Explotech has called an EGM on December 18, 2025 to approve four items: (1) increasing authorised share capital from Rs. 15 Crore to Rs. 16 Crore; (2) acquiring a 34.84% stake (3,47,480 equity shares) in Asawara Earthtech Limited (AEL) for Rs. 52.64 Crore as a related-party transaction; (3) issuing up to 22,30,641 equity shares at Rs. 236 each (including Rs. 226 premium) to Promoters and Promoter Group on a preferential basis to fund the acquisition through a share swap; and (4) appointing Mr. Sanjay Shrivastava as Director-Operations. The new shares will represent about 14.7% of the expanded share capital, lifting Promoter and Promoter Group holding from 70.68% to 75%. AEL is engaged in infrastructure development including roads, bridges, water systems, and explosives-related services, so the deal is aimed at expanding within the same business segment.
For shareholders, this is a non-cash, equity-dilutive acquisition that will increase the promoter group holding to 75%, reducing the public shareholding to 25% (the minimum required for listing). Existing minority investors will see their stake diluted by roughly 14-15%, though no cash outflow is involved. Stock price impact will depend on how the market views the valuation of AEL and the synergies promised.