StockWatch
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Civil Construction
Corporate Action15 Oct 2026, 09:00 pm

SRM Contractors: Promoters to Subscribe to Preferential Issue

AI Summary

SRM Contractors Limited's Fund Raising Committee has noted changes to the Explanatory Statement for the upcoming AGM. Notably, promoters Sanjay Mehta and Puneet Pal Singh intend to subscribe to preferential warrants. The company also took on record a revised valuation report dated September 5, 2026, issued by Corporate Professionals Valuation Services Private Limited, as per NSE's instructions. The issue price for the preferential issue remains unchanged despite the revised valuation.

Key Highlights

  • Promoters Sanjay Mehta and Puneet Pal Singh to subscribe to preferential warrants.
  • Revised valuation report dated September 5, 2026, taken on record.
  • Issue price for preferential issue remains unchanged.
  • Changes noted in Explanatory Statement for AGM Notice.