The Board of Directors, at its meeting held on 31.03.2026, inter alia, approved/recommended: Increase in Authorized Share Capital of the Company from ?3 Crore to ?13 Crore, subject to ....
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The board of Shantidoot Infra Services Ltd met on March 31, 2026, and approved several key items. First, it recommended increasing the company's Authorised Share Capital from ₹3 crore to ₹13 crore (divided into 1.30 crore equity shares of ₹10 each), subject to shareholder approval. Second, it approved raising funds of up to ₹12 crore through a Rights Issue of equity shares to existing eligible shareholders, with the price and entitlement ratio to be decided later. Third, it approved a Material Related Party Transaction with Right Path Foundation, revising the Gautam Medical College & Hospital project cost from ₹242 crore to ₹273 crore (about 31 crore increase) due to the inclusion of an additional hostel block of 2,02,556 sq. ft. An Extra Ordinary General Meeting has been called on April 25, 2026 to seek shareholder approvals.
Existing shareholders may need to contribute additional capital if they wish to maintain their stake in the upcoming Rights Issue, while the related party transaction signals continued expansion of the GMCH project. The scale of the RPT (~904% of annual turnover) makes shareholder approval critical and could affect stock sentiment depending on perception of project viability.