Shri Gang Industries & Allied Products Ltd — Important, 16-02-2026: Company Update

Shri Gang Industries' Board committee has approved the allotment of 7 lakh new equity shares. These shares, with a face value of Rs. 10 each, were issued to Express Infra Financial Consultancy Private Limited, a promoter group entity, by converting 7 lakh preference shares at a conversion price of Rs. 99 each. This private placement boosts the company's paid-up equity share capital to Rs. 19.73 Cr, comprising 1.973 Cr equity shares. This move strengthens the promoter group's holding in the company, impacting its capital structure.