Shradha Infraprojects Limited — QIP/Rights/Pref., 31-12-2024: Rights Issue

Shradha Infraprojects Limited has announced a board meeting where it approved a Rights Issue to raise up to ₹250 Crores (Rupees Two Hundred Fifty Crores) for eligible shareholders. The specifics such as issue price, entitlement ratio, and record date will be determined later. Additionally, the company plans to increase its authorized share capital from ₹11 Crores to ₹25 Crores, pending member approval at an Extra-Ordinary General Meeting scheduled for 30th January 2025. The book closure for this meeting will be from 22nd to 30th January 2025.