We are pleased to inform you that the 14th Annual General Meeting of the Company is scheduled to be held on August 18, 2025, at 05:00 PM through VC/OAVM in accordance with the provisions ....
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Veer Global Infraconstruction Ltd has called its 14th AGM on Monday, August 18, 2025, at 5:00 PM via video conferencing. Key business items include adopting FY25 audited financial statements, re-appointing Mr. Vinod Mohanlal Jain (retiring by rotation), and re-appointing Bansilal Shah & Company as statutory auditors. Special business includes raising authorised capital from ₹20 crore to ₹25 crore, re-appointing Vijaybhai Vagjibhai Bhanshali as Managing Director for 5 years, and continuing Madam Rakhee Jain's term as Independent Director. The company is also seeking enabling approvals for a Rights Issue up to ₹50 crore, Private Placement up to ₹50 crore, and a Follow-on Public Offer (FPO) up to ₹50 crore. Other items seek approval to raise borrowing limits to ₹100 crore, allow related party transactions up to ₹20 crore for FY26, and approve managerial remuneration exceeding Section 197 limits. E-voting will be open from August 15 to August 17, 2025.
This is a routine AGM notice but contains several significant capital-raising proposals. If approved, the company could raise up to ₹150 crore in aggregate through Rights Issue, Private Placement, and FPO, and increase borrowings to ₹100 crore — potentially leading to dilution for existing shareholders. Shareholders should review each special resolution carefully, especially the related party transactions and managerial remuneration items.