Chavda Infra Limited Board Approves Capital Hike and 1:1 Bonus Issue Recommendation
Chavda Infra Limited's Board of Directors held a meeting on August 6, 2026, during which several strategic operational decisions were approved. These approvals include a significant increase in Authorized Share Capital and the recommendation of a bonus issue for existing shareholders, subject to further shareholder approval.The Board considered and approved an amendment to Clause V of the Memorandum of Association, proposing to raise the Company's Authorized Capital from Rs. 35,00,00,000 to Rs. 70,00,00,000. This increase in authorized capital is intended to facilitate future fundraising through the issuance of equity shares.In a related move, the...