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

Shradha Infraprojects Limited has announced a Rights Issue of fully paid-up or partly paid-up equity shares, aiming to raise up to ₹250 Crores (Cr) for eligible shareholders, with further details on the issue price and entitlement ratio to be determined later. Additionally, the company plans to increase its authorized share capital from ₹11 Cr to ₹25 Cr, subject to the approval of shareholders in an Extra-Ordinary General Meeting scheduled for January 30, 2025. The book closure for this meeting will be from January 22 to January 30, 2025.