Shradha Infraprojects Limited — Others, 01-01-2025: Corrigendum

Shradha Infraprojects Limited has announced a board meeting where it decided to issue equity shares via a rights issue, with an amount not exceeding ₹250 crores (Cr). While the exact ratio and issue price are still under consideration, this initiative aims to enhance capital for future projects. The upcoming Extra-Ordinary General Meeting (EOGM) is scheduled for January 30, 2025, to approve necessary changes, including an increase in authorized share capital from ₹11 Cr to ₹25 Cr. This development could present a positive outlook for investors, indicating potential growth and strengthening of capital structure.