StockWatch
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Civil Construction
Corporate Action5 Nov 2026, 02:41 pm

Ceigall India Increases Authorized Share Capital to ₹120 Cr

AI Summary

Ceigall India Ltd announced an increase in its authorized share capital from ₹110 Crore to ₹120 Crore, subject to shareholder approval. This move is linked to the company's plan to raise up to ₹1000 Crore through various equity and convertible securities. The Board also approved the unaudited financial results for the quarter and half-year ended September 30, 2026, along with the limited review reports. Additionally, the company announced the appointment of Mr. Chandan Singh as an Additional/Whole Time Director for three years and the in-principle execution of binding offer letters with its subsidiary, Neo Alternative Asset Managers Private Limited.

Key Highlights

  • Authorized share capital increased from ₹110 Cr to ₹120 Cr.
  • Company plans to raise up to ₹1000 Cr via equity and convertible securities.
  • Unaudited financial results for Q2 FY27 approved.
  • Mr. Chandan Singh appointed as Additional/Whole Time Director.
  • Binding offer letters to be executed with subsidiary Neo Alternative Asset Managers.