Gayatri Projects Limited has informed the Exchange regarding allotment of 109000000 securities pursuant to Preferential Issue at its meeting held on April 20, 2026
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Gayatri Projects Limited has allotted 10.9 crore fully paid-up equity shares of face value Rs. 2 each at an issue price of Rs. 10 per share (including Rs. 8 premium), raising Rs. 109 crore. The preferential allotment was approved by the Issue & Allotment Committee on April 20, 2026. Seven investors participated, with Antara India Evergreen Fund receiving the largest chunk of 3.5 crore shares (Rs. 35 crore), followed by Vishwa Infrastructures, GKC Projects, and Zeal Global (1.5 crore shares each). Post-allotment, the company's paid-up equity capital increased from Rs. 37.44 crore to Rs. 59.24 crore, representing significant dilution of approximately 37% for existing shareholders.
This preferential allotment will dilute existing shareholders' stake by about 37% due to the large number of new shares issued. The Rs. 109 crore raised should strengthen the company's financials and liquidity position for its infrastructure projects.