Dhenu Buildcon Infra Ltd — Others, 24-07-2025: Others

Dhenu Buildcon Infra will hold its 117th Annual General Meeting to approve a crucial financial restructuring. The company plans to significantly increase its authorized share capital from ₹2.25 Cr to ₹1,000 Cr. This paves the way for issuing over 591 Cr new equity shares at ₹1.42 each to non-promoters, converting outstanding unsecured loans worth ₹839.99 Cr. This move aims to strengthen the balance sheet by reducing substantial debt and improving net worth, addressing the company's financial crunch and prior year losses of approx ₹0.40 Cr. However, it will lead to significant dilution for existing shareholders.