Please find attached the outcome of the Board meeting held on September 25, 2025.
GAYAPROJ · price
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Gayatri Projects' board, meeting 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 10 crore equity shares to the promoter (T.V. Sandeep Kumar Reddy, Chairman & MD) and up to 21.4 crore shares to 12 non-promoter investors, both priced at Rs. 10 per share (face value Rs. 2, premium Rs. 8). The non-promoter list includes several funds and family offices such as RRS Family Trust, Antara India Evergreen Fund, Varanium India Opportunity Ltd, M7 Global Fund, and Zeal Global Opportunities Fund. The promoter tranche is worth about Rs. 100 crore and the non-promoter tranche about Rs. 214 crore, totaling up to roughly Rs. 314 crore. Additionally, up to 20 lakh equity shares will be issued under an Employee Share Purchase Scheme (ESPS). Shareholders' approval will be sought at an EGM scheduled for October 23, 2025.
This is a significant equity dilution, with up to 31.4 crore new shares being issued against the existing base — shareholders should watch the post-issue shareholding closely. The promoter is participating with Rs. 100 crore, which signals confidence, but the large non-promoter preferential issue at a fixed price (not a QIP to the public) means the stock could see selling pressure once lock-in periods end.