Garuda Construction And Engineering Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/11/2025 ,inter alia, to consider and approve Pursuant ....
GARUDA · price
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Garuda Construction and Engineering Ltd has scheduled a Board meeting on November 7, 2025. The Board will consider increasing the Authorised Share Capital of the company along with a corresponding amendment to the capital clause of the Memorandum of Association. It will also evaluate raising funds through one or more tranches via multiple routes including equity shares, further public issue, rights issue, ADRs/GDRs/FCCBs, debt issue, preferential allotment, private placement, or QIP. An Extraordinary General Meeting (EGM) notice will be issued to seek shareholder approval for the authorised capital increase and the proposed fund raise.
This is a preliminary intimation — no fundraising decision has been made yet. If the Board approves a capital raise, it could lead to equity dilution for existing shareholders, though it may also fund future growth. Investors should watch for the outcome post November 7 for clarity on the size, mode, and pricing of any potential issue.