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Incorporated in 2008, SRM Contractors Ltdis engaged in construction of roads including bridges, tunnel works, and slope stabilisation works
SRM Contractors has announced a board meeting. The board has approved increasing authorized share capital and plans to raise up to ₹150 Cr via QIP. Additionally, warrants worth approx. ₹100 Cr will be issued to the promoter group. A fund-raising committee has been formed.
SRM Contractors has formed GIRAFFE SRM ESTATES, an associate company (49% stake), to develop wayside amenities and highway hospitality services. This new entity will focus on infrastructure, retail, and EV charging facilities. SRM's initial investment is Rs 49,000.
SRM Contractors is expanding into highway amenities by forming a new company, "GIRAFFE SRM ESTATES PRIVATE LIMITED." SRM will hold a 49% stake. This diversifies its business into developing and operating roadside facilities. Initial capital for the new entity is Rs. 100,000.
SRM Contractors' management will participate in a virtual Group Meeting with investors/analysts on August 25, 2026. Organized by Go India Advisor Ltd, the discussion will be based solely on information available in the public domain, with no unpublished price sensitive information to be shared.
CareEdge Ratings reaffirmed SRM Contractors Limited's credit ratings for its bank facilities. Long Term Bank Facilities (₹60.90 Cr) maintain 'CARE A; Stable'. Long Term / Short Term Bank Facilities (₹482.50 Cr) are rated 'CARE A; Stable / CARE A1'. The total rated facilities amount to ₹543.40 Cr, with a Stable...