Semac Construction Limited — Others, 26-02-2025: Shareholders meeting

SEMAC Consultants Limited has announced a board meeting for a postal ballot seeking shareholder approval on two main proposals: reclassification of its authorized share capital from ₹10.5 crores to include 68,08,654 equity shares and 36,91,346 preference shares; and entering into material related party transactions with Revathi Equipment India Limited (REIL), with a limit of ₹200 crores. This adjustment aims to facilitate fundraising through preference shares and enhance operational flexibility. Investors may view this as a positive outlook, given the potential for increased capital and business efficiencies, though it introduces higher transactional risks with related parties.