Kridhan Infra Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/05/2025 ,inter alia, to consider and approve To consider and approve raising ....
KRIDHANINF · price
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Kridhan Infra Limited has informed BSE and NSE that its Board of Directors will meet on May 20, 2025. The main agenda is to consider and approve raising of long-term funds through a preferential issue of equity shares and/or warrants convertible into equity shares, in line with SEBI's ICDR Regulations. The Board will also decide on the issue price, seek shareholder approval, and approve the Postal Ballot Notice for the same. The trading window for insiders is already closed since April 1, 2025 and will remain closed until 48 hours after declaration of audited FY25 results.
This is a forward-looking intimation — no actual fundraising has been approved yet. If the preferential issue goes through, it could lead to dilution for existing shareholders and may exert short-term pressure on the stock price depending on the issue price and identity of the allottees.