Gayatri Projects Limited has informed the Exchange about increase in Authorised Capital
GAYAPROJ · price
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Awaiting price reaction for this filing.
Gayatri Projects' board approved raising the authorised capital to Rs. 120 crore (60 crore equity shares of Rs. 2 each). It also approved issuing up to 10 crore shares to the promoter (T.V. Sandeep Kumar Reddy) and up to 21.4 crore shares to non-promoter investors on a preferential basis, all at Rs. 10 per share (Rs. 2 face value + Rs. 8 premium), potentially raising around Rs. 314 crore. Additionally, up to 20 lakh shares will be issued under an Employee Share Purchase Scheme (ESPS). An EGM is scheduled for 23rd October 2025 to seek shareholder approval. The non-promoter allotment involves multiple investors including RRS Family Trust, Antara India Evergreen Fund, Varanium India Opportunity Ltd, and others.
This is a major equity dilution event — up to ~31.4 crore new shares will be issued, which could significantly increase the total share count and dilute existing shareholders. The Rs. 8 premium per share over face value is modest, and the actual market price impact will depend on the prevailing share price versus the Rs. 10 issue price. Existing shareholders should watch the EGM outcome and the pricing relative to market price closely.