Shradha Infraprojects Limited — Others, 19-11-2024: Shareholders meeting

Shradha Infraprojects Limited has conducted an Extra-Ordinary General Meeting where shareholders approved the subdivision of existing equity shares from a face value of ₹5 to ₹2. This move aims to enhance liquidity and attract more small investors. Additionally, it necessitates an alteration in the Capital Clause of the Memorandum of Association. Overall, this development may foster a positive outlook amongst investors, making shares more accessible, while keeping the overall capital structure intact. The final voting results will be disclosed on the company's website and the NSE platform post-scrutiny.