CANDCNSEC & C Constructions Limited· ConstructionHighNeutral
Announced Thu, 18 Sept, 2025 · 20:13 IST
Board approves ₹50 crore revival loan from Ceigall India
Price reaction
Awaiting price reaction for this filing.
AI summary
The board approved a secured ₹50 crore inter-company deposit from Ceigall India on September 18, 2025, to fund the revival and repay an existing deposit from Ceigall Infra Projects. Property title deeds are pledged as security. Subject to tribunal approval, Ceigall India may initially hold up to 94%, later reducing this to 75%, indicating major control change and possible dilution for existing holders.
Likely market impact
Revival funding eases cash stress, but secured debt and a likely control shift to Ceigall India raise dilution and repayment risks for shareholders.