Kridhan Infra Limited — Others, 23-05-2025: Shareholders meeting

Kridhan Infra Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company plans a preferential issue of up to 10.27 crore equity shares and/or convertible warrants at Rs. 4.05 each to raise about Rs. 41.60 Cr. Proceeds will primarily reduce debt (Rs. 21.60 Cr), fund subsidiaries and associates (Rs. 10 Cr), and support corporate needs (Rs. 10 Cr). Promoters are part of the allotment, with no change in control expected. Mr. Mayank Girish Patel joins as an Independent Director, bringing creative industry experience. The board will also seek approval to raise its investment and lending limit to Rs. 100 Cr for strategic growth.