Ducon Infratechnologies Approves ₹25 Crore Rights Issue
DUCON · price
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Ducon Infratechnologies' Board has approved a Rights Issue of up to ₹25 Crore. Proceeds will be used to repay up to ₹9.52 Crore unsecured loans from MD & Promoter Arun Govil, fund ₹7.36 Crore working capital needs, and for general corporate purposes. The company has 32.49 crore equity shares of Re. 1 face value. Issue price, entitlement ratio and record date will be disclosed in the Letter of Offer later. FY26 consolidated Total Income stood at ₹422.05 Cr with Net Profit of ₹10.98 Cr.
Existing shareholders can participate to avoid dilution; promoter loan repayment and working capital infusion may strengthen balance sheet.