StockWatch
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Residential- Commercial Projects
Board Meeting22 Jun 2026, 04:50 pm

Veer Global Infraconstruction Approves Rights Issue Up To ₹15 Cr

AI Summary

Veer Global Infraconstruction Ltd's Board of Directors met on June 22, 2026, approving several key financial actions. The board took note of the in-principle approval from BSE Limited for a proposed preferential issue of equity shares. Additionally, they approved the allotment of equity shares on a preferential basis through the conversion of loans into equity. A significant decision was the approval to raise capital via a Rights Issue, with an amount not exceeding ₹15 Crores. The meeting also noted the absence of any other matters requiring discussion.

Key Highlights

  • Board approved raising capital via Rights Issue up to ₹15 Cr.
  • Approved preferential allotment of equity shares via loan conversion.
  • Noted in-principle approval from BSE for preferential issue.
  • Meeting held on June 22, 2026, concluded within 24 minutes.