Veer Global Infraconstruction Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/03/2026 ,inter alia, to consider and approve conversion of ....
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Veer Global Infraconstruction has called a board meeting on 21 March 2026 to consider converting outstanding loans into equity shares via preferential or private placement route, in line with SEBI (ICDR) Regulations. The board will also decide the issue price, number of shares, and other terms for the conversion. Additionally, the board will appoint a Registered Valuer and finalize the notice, date, and venue for an Extra-Ordinary General Meeting (EGM) to seek shareholder approval. The trading window for insiders is closed from 14 March 2026 until 48 hours after the board meeting concludes.
This is a debt-to-equity swap, which means existing lenders may become shareholders, leading to potential dilution for current equity holders. Shareholders should watch for the issue price, valuation, and the identity of converting lenders once the board announces the final terms post-21 March 2026.