Consolidated Construction Consortium Limited — Others, 18-11-2024: Shareholders meeting

Consolidated Construction Consortium Ltd. has announced a board meeting on October 29, 2024, to seek shareholder approval via postal ballot for two significant items. Firstly, the company plans to raise up to ₹500 crores through the issuance of equity shares or other eligible securities on a preferential basis, intended to fund major infrastructure projects such as power and desalination plants. Secondly, the board seeks ratification of ₹75,000 remuneration for the newly appointed cost auditor, Mr. G. Sundaresan. Investor sentiment may view the capital raising as a potential growth opportunity, while the effective management of funds will be crucial.