Notice of Extra-ordinary General Meeting of the Members of GHV Infra Projects Limited (formerly known as Sindu Valley Technologies Limited) is scheduled to be held on Saturday, June 28, ....
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GHV Infra Projects Ltd (formerly Sindu Valley Technologies Ltd) has called an EGM on Saturday, June 28, 2025 at 3:00 PM via video conferencing, with e-voting open from June 25-27, 2025 (cut-off date June 20, 2025). The meeting will consider 10 resolutions, including approval of material related party transactions worth up to Rs. 15,900 crore in aggregate for FY2025-26 (the biggest being Rs. 15,000 crore with GHV (India) Private Limited, plus Rs. 300 crore each with GHV-MHK JV, NPIPL-GHV JV, and Kedareshwar Infrastructure Developers). Other key items include ratification of the name change from Sindu Valley Technologies, raising borrowing limits and loan/investment limits to Rs. 1,000 crore each, and authorising creation of charges on company assets. The company also seeks approval to issue 38.5 lakh convertible warrants at Rs. 400 each (face value Rs. 10, premium Rs. 390) on a preferential basis to promoters and non-promoters, potentially raising up to Rs. 154 crore if fully converted.
Shareholders should pay close attention to the unusually large Rs. 15,000 crore related party transaction limit with GHV (India) Pvt Ltd, which dwarfs the company's own scale and signals significant inter-group activity. The preferential warrant issue at Rs. 400 per warrant will dilute existing shareholders upon conversion, while the expanded borrowing and lending powers (Rs. 1,000 crore each) give the board wide financial flexibility, potentially indicating major expansion, refinancing, or capital deployment plans ahead.