EXtra Ordinary General Meeting of the Company will be held on Saturday 25-04-2026 at 3:00PM at Registered office and also Through Video Conferencing and other Audio Visual means as per ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shantidoot Infra Services has called an Extraordinary General Meeting on April 25, 2026, at 3:00 PM (via video conferencing and at its Patna registered office) to seek shareholder approval on two special business items. First, the company proposes to increase its authorized share capital from ₹3 crore (30 lakh equity shares of ₹10 each) to ₹13 crore (1.30 crore equity shares of ₹10 each), adding 1 crore new shares, citing business expansion and the need for additional funds. Second, shareholders will vote on approving a Material Related Party Transaction with Right Path Foundation to revise the construction contract cost for the Gautam Medical College & Hospital (GMCH) project in Ranchi from ₹242 crore to ₹273 crore — a ₹31 crore (~12.8%) increase due to the addition of a hostel block area of 2,02,556 sq ft. The cut-off date for e-voting eligibility is April 17, 2026, with remote e-voting open from April 22-24, 2026 via Bigshare's i-Vote platform.
The authorized capital hike of ₹10 crore is a preparatory step that signals potential future fundraising through equity issuance, which could lead to dilution if those shares are eventually allotted. The upward revision of a related-party construction contract by ₹31 crore highlights expanding exposure to a related-party engagement, which shareholders should weigh carefully given the conflict-of-interest considerations and the dependency on the GMCH project's successful execution.