The Exchange and Shareholders are hereby informed that the 117th Annual General Meeting of the company is scheduled to be held on Monday August 18,2025 through VC (OVAM) at 01:00 P.M. ....
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Dhenu Buildcon Infra Limited will hold its 117th AGM on August 18, 2025 at 1:00 PM via video conferencing. Besides the routine approval of FY25 audited accounts, shareholders will vote on several special items: regularising Mr. Amit Bajaj as Independent Director, regularising Mr. Kalpesh Bhanushali as Whole-Time Director and appointing him as CFO, and appointing a new Secretarial Auditor for five years from FY26. The most significant resolutions are a massive increase in authorised share capital from ₹2.25 crore to ₹1,000 crore (divided into 1,000 crore equity shares of ₹1 each), and the issuance of up to 591.55 crore equity shares on a preferential basis to six non-promoter entities at ₹1.42 per share, aggregating to about ₹839.99 crore, through conversion of outstanding unsecured loans. Book closure runs from August 12 to August 18, 2025, and remote e-voting is open from August 15 to August 17, 2025.
The proposed preferential issue will massively dilute existing shareholders and shift ownership meaningfully towards six non-promoter group entities, though it settles outstanding loans worth nearly ₹840 crore. The huge jump in authorised capital signals the company is preparing for future fundraising beyond the current issuance. Shareholders should review the resolutions carefully, particularly the price of ₹1.42 per share and the identity of the allottees, as the preferential allotment price appears low relative to typical valuations.