Residential- Commercial Projects
Investment3 April 2026 at 09:50 am

Veer Global Infraconstruction Ltd. to Convert Loan into Equity Shares

AI Summary

Veer Global Infraconstruction Limited has called for an Extra-Ordinary General Meeting (EGM) on April 25, 2026, to consider and approve the conversion of loan into equity shares by way of issuance of equity shares on preferential basis. The company plans to issue up to 8,00,000 fully paid-up equity shares of face value ₹10/- each at an issue price of ₹85/- per equity share, aggregating up to ₹6,80,00,000. The identified allottees are Veerone Limited and Veer Finance Limited. The 'Relevant Date' for the purpose of determination of the floor price for issue of the Equity Shares is March 26, 2026.

Key Highlights

  • Veer Global Infraconstruction Ltd. to convert loan into equity shares
  • Plan to issue 8,00,000 fully paid-up equity shares
  • Issue price set at ₹85/- per equity share
  • Aggregate amount of ₹6,80,00,000 to be raised
  • Veerone Limited and Veer Finance Limited are the identified allottees