14th Annual Report of the Company for the Financial Year 2024-25.
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Veer Global Infraconstruction has filed its 14th Annual Report for FY 2024-25 along with the AGM notice, to be held on August 18, 2025 via video conferencing. Shareholders will consider adoption of audited FY25 financial statements, re-appointment of director Vinod Mohanlal Jain (retiring by rotation), and re-appointment of statutory auditors Bansilal Shah & Company. Key special business items include increasing authorised capital from ₹20 Crore to ₹25 Crore, enabling resolutions for a Rights Issue, Private Placement, and Follow-on Public Offer (each up to ₹50 Crore), raising borrowing limits to ₹100 Crore, and approving material related party transactions up to ₹20 Crore for FY 2025-26. The company also seeks approval to re-appoint Vijaybhai Vagjibhai Bhanshali as Managing Director for 5 years and continue Rakhee Jain's tenure as Independent Director.
The proposed capital raise across three routes (Rights Issue, Private Placement, FPO) totalling up to ₹150 Crore in potential issuance could lead to significant equity dilution for existing shareholders. Higher borrowing limits (₹100 Crore) and material RPT approval (₹20 Crore with promoter/director-related entities) signal aggressive expansion plans but also raise leverage and governance watchpoints.