Gayatri Projects Limited has informed the Exchange about Preferential issue
GAYAPROJ · price
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Awaiting price reaction for this filing.
Gayatri Projects' board, on September 25, 2025, approved raising the authorized capital to Rs. 120 crore (60 crore equity shares of Rs. 2 each). The company plans a preferential issue of up to 31.40 crore equity shares at Rs. 10 per share (a premium of Rs. 8 over face value), potentially raising about Rs. 314 crore. Of this, 10 crore shares are earmarked for promoter and CMD T.V. Sandeep Kumar Reddy, while 21.40 crore shares are for non-promoters including Antara India Evergreen Fund, Varanium India Opportunity Ltd, M7 Global Fund, Zeal Global Opportunities Fund, and the Mundra family (Vivek and Aniruddh). Separately, up to 20 lakh shares will be issued under an Employee Share Purchase Scheme. Shareholders will vote on these proposals at an EGM on October 23, 2025.
This is a large equity dilution relative to the company's existing size, but the promoter's own participation of Rs. 100 crore signals confidence. Existing shareholders will see meaningful dilution unless the capital is deployed for high-return growth. Share price reaction will depend on the use of funds and final pricing relative to market price, which is yet to be disclosed.