Ducon Infratechnologies Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on May 20, 2026
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Ducon Infratechnologies Limited has called an EGM on May 20, 2026 via VC/OAVM with voting from May 17-19, 2026. Three resolutions are on the agenda: (1) Increase in authorised share capital from Rs. 40 crore to Rs. 57.5 crore, creating room for 17.5 crore additional shares; (2) Special resolution allowing Managing Director and Promoter Arun Govil to convert his outstanding unsecured loans into equity shares during future fund-raising; (3) Appointment of Ms. Vandana Anandilal Govil (Arun Govil's wife) as Executive Director for 3 years from March 30, 2026 at nil salary but with perquisites including a car with driver. The company reported FY25 revenue of Rs. 254.6 crore and PAT of Rs. 5.16 crore with EPS of Rs. 0.18.
Shareholders should note potential dilution from the capital increase and loan conversion, which could affect their ownership percentage. The promoter loan conversion may reduce debt but dilute public shareholding. The family-linked director appointment raises governance considerations.