Gayatri Projects Limited has informed the Exchange regarding allotment of 168100315 securities pursuant to Preferential Issue at its meeting held on April 22, 2026
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Gayatri Projects Limited has allotted 168.1 crore equity shares (face value Rs. 2 each) at Rs. 10 per share, raising approximately Rs. 168.1 crore. The company's paid-up capital increased from Rs. 59.2 crore to Rs. 92.9 crore post-allotment. Six allottees received shares, with Chairman and Managing Director T.V. Sandeep Kumar Reddy receiving the largest chunk of 10 crore shares (Rs. 100 crore), followed by Varanium India Opportunity Ltd. with 2.5 crore shares. The remaining 23.1 crore shares were distributed among RRS Family Trust, Dnyaneshwar Trading, Flying Tortoise Retail, and Swing Wealth Management. This is the second and final tranche of the preferential issue approved by shareholders in October 2025.
Significant dilution of approximately 36% for existing shareholders as share count increased from 29.6 crore to 46.4 crore shares. The CMD's large personal subscription (10 crore shares) indicates promoter confidence but may raise governance concerns given the substantial ownership increase.