This is to inform thar Exta- ordinary General meeting of the Company will be held on saturday 25th April 2026 at 3:00PM at the Registered office of the Company and also through Video ....
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Shantidoot Infra Services has called an Extraordinary General Meeting (EGM) on Saturday, 25 April 2026 at 3:00 PM, held at its registered office in Patna, Bihar and via video conferencing. The cut-off date for shareholder eligibility is 17 April 2026, with remote e-voting open from 22 April to 24 April 2026. Two special business items are on the agenda: (1) an increase in authorized share capital from ₹3 crore to ₹13 crore (adding 1 crore equity shares of ₹10 each) to raise funds for business expansion, and (2) approval of a material related party transaction revising the construction contract cost for the Gautam Medical College & Hospital project in Ranchi with Right Path Foundation, raising the project cost from ₹242 crore to ₹273 crore due to an additional hostel block of 2,02,556.31 sq. ft. The Audit Committee has reviewed and approved the related party revision.
Shareholders are being asked to approve a more than 4x increase in authorized share capital, signalling a potential future fundraising or stock issuance that could lead to share dilution. The related party contract revision (₹31 crore increase) involves the Managing Director's related entity, so retail investors should watch for governance implications and how arm's-length terms are validated.