Please find the Enclosed Revised 117TH Annual Report of the Company
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Dhenu Buildcon Infra Limited has filed its revised 117th Annual Report for FY 2024-25 and the notice for the AGM scheduled on August 18, 2025 via video conferencing. Key business items include a proposal to increase authorized share capital from ₹2.25 crore to ₹1,000 crore (a ~444x jump). The company also plans a preferential allotment of up to 591.55 crore equity shares at ₹1.42 per share to six non-promoter entities, totaling approximately ₹840 crore, by converting outstanding unsecured loans into equity. Several board changes have occurred — Mr. Himanshu Agarwal, Ms. Jenifer Machado, and Ms. Poonam Gehlot resigned during FY25, while Mr. Amit Bajaj is proposed as Independent Director and Mr. Kalpesh Bhanushali is being regularised as Whole-Time Director and appointed as CFO. Statutory auditor M/s. Subramaniam Bengali & Associates continues, and M/s. Ramesh Chandra Bagdi and Associates is appointed as Secretarial Auditor for five years from FY 2025-26.
Existing shareholders face massive potential dilution if the preferential allotment is approved — the new shares represent a volume many times larger than the current equity base. However, the loan-to-equity swap will reduce the company's debt burden and strengthen its balance sheet. Investors should watch how this restructuring affects share value and control.