MBL Infrastructure Ltd Board Approves Fund Raising and Director Reappointment
The Board of Directors of MBL Infrastructure Ltd, in a meeting held on April 11, 2026, considered several key corporate matters, including a proposal for raising funds and the re-appointment of an Independent Director.During the board meeting, the company approved the proposal to seek shareholder approval for raising funds up to Rs. 300 crores through the issuance of securities. This funding mechanism is permissible whether denominated in Indian Rupees and/or foreign currencies, and can be executed via public issue, private placement, or any other mode, in one or more tranches, as allowed under the Companies Act, 2013, and/or SEBI Regulations.
The Board also considered and approved the allotment of 19,00,000 equity shares of the Company, each valued at Rs. 10, fully paid. These shares were allotted to MLSMH LLP, an entity part of the Promoter Group, pursuant to the Resolution Plan approved under the IBC, 2016.
The allotment detailed the following changes in shareholding and capital structure:
| Name of the Entity forming part of Promoter Group | Number of shares allotted | Existing Shareholding | Post allotment Shareholding |
|---|---|---|---|
| MLSMH LLP | 19,00,000 | NIL | 1.23% |
Following this allotment, the aggregate shareholding of Promoters and entities belonging to the Promoter Group will stand at 75.24%. The paid-up capital of the Company is projected to increase as shown in the table below:
| Particulars | Number of Equity Shares | Amount (Rs) |
|---|---|---|
| Existing Paid Up Capital | 15,25,29,256 | 152,52,92,560 |
| Post Allotment Paid up Capital | 15,44,29,256 | 1,54,42,92,560 |
In addition to the funding and allotment matters, the board approved the re-appointment of Mr. Ram Dayal Modi as an Independent Director. This appointment, recommended by the Nomination & Remuneration Committee, is for a second term of five consecutive years, effective from May 13, 2026, to May 12, 2031, subject to shareholder approval.
Mr. Ram Dayal Modi has confirmed that he is not debarred from holding the office of Director by any authority. His professional background includes over four decades of experience in Banking and Financial Services with the SBI Group. He holds a gold medal in MA (Political Science) from the University of Udaipur, Rajasthan, and possesses certified expertise in areas such as Credit, Forex, Project Appraisal & Funding, Business Planning, and Technical & Management Consultancy.
The company also approved the process for seeking shareholder approval via a Postal Ballot Notice. The cut-off date for sending the notice electronically was set as April 10, 2026, for members appearing in the Register of Members or the Register of Beneficial Owners maintained by the Depositories. The remote e-voting period is scheduled from April 16, 2026, between 09:00 am (IST) and May 15, 2026, until 05:00 pm (IST). The results of the remote e-voting will be declared on May 15, 2026.
MBLINFRA Stock Price Movement
On Friday, MBL Infrastructure Limited shares edged higher to close at ₹27.49, marking a significant gain of 9.38%. The stock finished the session on 423,493 shares traded, solidifying its upward momentum for the week.Source:
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