Shantidoot Infra Services Ltd. Board Approves Capital Increase and Rights Issue
Shantidoot Infra Services Ltd. announced on March 31, 2026, that its Board of Directors approved a significant increase to the company’s authorized share capital and a proposed rights issue to raise funds.The authorized share capital will increase from ₹3,00,00,000 divided into 30,00,000 equity shares of ₹10 each to ₹13,00,00,000 divided into 1,30,00,000 equity shares of ₹10 each. This increase is subject to approval from the company's shareholders.
The Board also approved a rights issue to raise up to ₹12,00,00,000 through the issuance of equity shares with a face value of ₹10 each. The terms and conditions of the rights issue, including the record date and the ratio of shares offered, will be determined by the Board or a duly constituted Rights Issue Committee.
In addition, the Board approved a revision in the project cost for the Gautam Medical College & Hospital related to a material related-party transaction with Right Path Foundation. The revision involves an increase of ₹273 Crore, up from ₹242 Crore, to account for the inclusion of an additional Hostel Block area of 2,02,556.31 sq. ft. Shareholder approval for this transaction will be required.
Finally, the Board decided to call an Extraordinary General Meeting on Saturday, April 25, 2026. The Board meeting commenced at 3:30 p.m. and concluded at 5:00 p.m.
Rights Issue Details
| Particulars | Details |
|---|---|
| Type of securities proposed to be issued | Fully paid-up Equity Share of the face value of ₹ 10.00 each of the Company |
| Type of issuance | Right Issue |
| Total amount for which the securities will be issued (approximately); | Issue and allotment of Equity Shares of face value of ₹ 10.00 each to the existing Equity Shareholders of the Company on rights basis for an amount not more than ₹ 12,00,00,000.00 (Rupees Twelve Crores Only) |
Material Related Party Transaction Details
| Particulars | Details |
|---|---|
| Name of the Related Party | Right Path Foundation |
| Revised Transaction Value | ₹ 273 Crore |
| Percentage of Annual Turnover | Approximately 904.02% |
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