Investment31 Mar 2026, 05:31 pm
Shantidoot Infra Services Ltd. Approves Increase in Authorized Share Capital and Rights Issue
AI Summary
Shantidoot Infra Services Ltd. announced at its board meeting on March 31, 2026, the approval of increasing the authorized share capital from ₹ 3,00,00,000.00 to ₹ 13,00,00,000.00 and the issuance of equity shares worth up to ₹ 12,00,00,000.00 on a rights issue basis. The decision is subject to shareholder approval and regulatory requirements.
Key Highlights
- The authorized share capital of the company will increase from ₹ 3,00,00,000.00 to ₹ 13,00,00,000.00 divided into 1,30,00,000 Equity Shares of ₹ 10.00 each.
- The company will raise funds through a rights issue of equity shares worth up to ₹ 12,00,00,000.00.
- The rights issue is open to eligible equity shareholders of the company as on the record date.
- The board has also approved a revision in the construction agreement for the Gautam Medical College & Hospital project with Right Path Foundation.
- The revision in the project cost is subject to shareholder approval.