EGM approves share capital hike to ₹13 Cr & ₹273 Cr related party project
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Shantidoot Infra Services held its 1st EGM of FY26-27 on April 25, 2026 via VC. Members approved two ordinary resolutions: (1) increasing authorised share capital from ₹3 Cr to ₹13 Cr by creating 1 crore additional equity shares of ₹10 each to facilitate future fundraising; (2) revision of material related party transaction with Right Path Foundation for the Gautam Medical College & Hospital project in Ranchi — project cost raised from ₹242 Cr to ₹273 Cr to include an additional hostel block. Voting results to be declared within 2 working days.
Authorised capital hike signals potential future equity dilution. The ₹273 Cr related party project expands business scope but concentrates counterparty and execution risk.