Shradha Infraprojects Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on September 27, 2025
SHRADHA · price
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Shradha Infraprojects Limited held its first EGM of FY 2025-26 on September 27, 2025, via video conferencing, lasting about 25 minutes (11:45 AM to 12:10 PM), with 37 members attending. Shareholders considered and approved all six ordinary resolutions, each relating to related party transactions within the group: one between the company and its wholly owned subsidiary Suntech Infra Estate Nagpur Pvt Ltd, three between listed material subsidiary Active Infrastructures Ltd and its subsidiaries, and two between step-down subsidiaries and their related parties. The Chairman noted that all transactions are on an arm's length basis and in the ordinary course of business, reviewed by the Audit Committee and recommended by the Board. He also reminded shareholders that the company's Rights Issue of Equity Shares is currently open and will close on October 3, 2025, with proceeds earmarked for ongoing projects, working capital, and strengthening the financial position. The scrutinizer's report on e-voting results is awaited and will be filed within 48 hours.
Routine in nature – shareholders have pre-approved routine intra-group related party transactions, which removes the need for future individual approvals and provides operational flexibility. The closing of the Rights Issue on October 3, 2025 is a near-term catalyst that could bring fresh capital and potentially dilute existing holdings, so shareholders should review their participation options before that date.