Niraj Cement Structurals Limited — Important, 17-07-2025: Updates
17-07-2025 | 04:39 pm
17-07-2025 | 04:39 pm
Niraj Cement Structurals has secured in-principle approval from BSE and NSE for the listing of 53,60,000 new equity shares. These shares, issued at ₹53 each (face value ₹10) following the conversion of warrants by promoters and non-promoters, represent a capital infusion of approximately ₹28.41 Cr. This development enhances the company's equity base, completing a significant phase of capital restructuring. Investors should monitor the increased share count as it will impact per-share valuations and overall market float. This strategic move strengthens the balance sheet.
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