Ducon Infratechnologies Limited Board Approves Rs 57.5 Crore Capital Hike, Plans Shareholder Meeting
Ducon Infratechnologies Limited announced that its Board of Directors held a meeting on Saturday, April 25, 2026. During the meeting, the Board considered and approved several major corporate actions, including a significant increase in the company's authorized share capital and decisions regarding outstanding loans and an upcoming Extra-Ordinary General Meeting (EGM).The Board's decisions centered on three key areas: enhancing the company's capital structure, addressing promoter loans, and convening a special meeting of shareholders.
Capital Structure Enhancement
The Board approved an increase in the Authorized Share Capital of Ducon Infratechnologies Limited up to Rs 57,50,00,000. The capital increase comprises 57,50,00,000 equity shares, each with a face value of Re 1.00. This proposed alteration of the Memorandum of Association's Capital Clause remains subject to the final approval of the shareholders at the ensuing General Meeting.The financial details of the proposed capital increase are summarized below:
| Metric | Details |
|---|---|
| Authorized Share Capital | Up to Rs 57,50,00,000 |
| Number of Shares | 57,50,00,000 |
| Face Value Per Share | Re 1.00 |
Loan Conversion Mechanism
Additionally, the directors approved the conversion of unsecured outstanding loans received from Mr Arun Govil, the Promoter-cum-Managing Director. This conversion mechanism is designed to turn these outstanding loans into equity shares of the company during future fund-raising activities, in compliance with applicable laws.Extra-Ordinary General Meeting Scheduled
To ratify these decisions and discuss future corporate actions, the Board decided to convene an Extra-Ordinary General Meeting (EGM) of the company's shareholders. The EGM is scheduled for Wednesday, May 20, 2026. Shareholders can attend the meeting via Video Conferencing (VC) or other Audio-Visual Means (OAVM).DUCON Stock Price Movement
On Friday, Ducon Infratechnologies Limited shares slipped by 0.91% to settle at ₹3.24, marking a drop from its prior day's opening. The stock traded on 102,133 shares, ending well below its ₹3.36 open for the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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