Gayatri Projects Ltd Allots 10.9 Crore Equity Shares on Preferential Basis
Gayatri Projects Ltd announced the allotment of 10,90,00,000 fully paid-up equity shares on a preferential basis. The allotment was approved by the Company's Issue & Allotment Committee during a meeting held on April 20, 2026.The transaction was based on the Company's Board Meeting held on September 25, 2025, and subsequent approval from shareholders at the Extraordinary General Meeting on October 23, 2025.
The Company allotted 10,90,00,000 equity shares of face value of Rs. 2 each. The shares were issued at an issue price of Rs. 10 per share, which includes a premium of Rs. 8 per share. This allotment aggregates to a total amount of Rs. 109,00,00,000.
Impact on Share Capital
The preferential allotment significantly increases the Company's paid-up Equity Share Capital. The details of the paid-up share capital before and after the issue are as follows:| Particulars | Number of Equity Shares | Amount (in Rs.) |
|---|---|---|
| Paid-up share capital (Pre-Issue) | 18,71,98,685 | 37,43,97,370 |
| Paid-up share capital (Post-Issue) | 29,61,98,685 | 59,23,97,370 |
Details of Allottees
The total allotment of 10,90,00,000 shares was made to seven investors. The proceeds from the issue totaled Rs. 109,00,00,000.The allotment of shares and the corresponding amount received from the allottees were:
| Investor Name | Shares Allotted | Amount Received (Rs.) |
|---|---|---|
| Vishwa Infrastructures and Services Pvt Ltd | 15,000,000 | 150,000,000 |
| GKC Projects Ltd | 15,000,000 | 150,000,000 |
| Antara India Evergreen Fund | 35,000,000 | 350,000,000 |
| M7Global Fund PCC - Aerion | 5,000,000 | 50,000,000 |
| Zeal Global Opportunities Fund | 15,000,000 | 150,000,000 |
| Vivek Mundra | 14,000,000 | 140,000,000 |
| Aniruddh Mundra | 10,000,000 | 100,000,000 |
| Total | 10,90,00,000 | 109,00,00,000 |
Following the allotment, the Company stated that it will apply to the stock exchanges for listing and trading approval for the newly allotted shares in due course.
GAYAPROJ Stock Price Movement
Today, Gayatri Projects Limited shares edged higher to close at ₹19.92, marking a solid 0.60% gain for the day. The stock finished the day signaling strength, hitting its 52-week high at ₹20.7 on a trading volume of 1.50 million shares.Source:
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