Veer Global Infraconstruction Approves Rights Issue and Q1 Financials
Veer Global Infraconstruction Ltd announced key outcomes from its Board meeting held on August 10, 2026, approving a renounceable rights issue and presenting the Unaudited Standalone Financial Results for the quarter ended June 30, 2026. The company also ratified preparatory actions related to the upcoming capital raise and outlined the objects of the issue.The Board approved the terms for the rights issue, which comprises up to 34,08,684 fully paid-up Equity Shares. These shares have a face value of Rs. 10 each and are available at an issue price of Rs. 30 per Rights Equity Share, including a premium of Rs. 20 per share. The issue is aggregated up to Rs. 10,22,60,520 and offers the rights in the ratio of one Rights Equity Share for every five fully paid-up Equity Shares held on the Record Date.
The company has also approved the objects of the issue related to Ayodhya Nagari-I along with the utilization schedule and means of finance, based on supporting documents presented during the meeting. Authorized Directors and officers were empowered to implement the rights issue and execute all necessary steps for its completion.
Financial Performance Review
The Board reviewed and approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026. The results have been prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting."Key financial metrics detailed in the board meeting included:
| Metric | Q1 Ended 30/06/2026 (Unaudited) |
|---|---|
| Profit or loss comprehensive Income | 7.39 per share |
| Share Capital | 1,704.34 |
| Basic Earning Per Share | 0.05 |
| Total Other Income net of taxes | 7.39 per share |
| Equity Earning Per Diluted | 0.05 |
The company also maintained transparency regarding complaints for the quarter, as shown below:
| Complaint Status (as on 30/06/2026) | Count |
|---|---|
| Received during the quarter | 0 |
| Disposed during the quarter | 0 |
Rights Issue and Corporate Actions
In addition to approving the rights issue, the Board constituted a Rights Issue Committee and delegated specific operational powers within the commercial terms approved. The company also approved the Draft Letter of Offer and made an application for in-principal approval with the BSE Limited for the listing of the Rights Equity Shares.The Chief Financial Officer certified the Objects of the Issue and the utilization schedule, confirming readiness ahead of the issue.
Independent Auditor's Review Report:
The accompanying Unaudited Statement of Standalone Financial Results was reviewed by M/S Bansilal Shah & Co., Chartered Accountants. The review confirmed that nothing had come to the auditor’s notice that caused them to believe that the statement, prepared according to applicable Indian Accounting Standards, failed to disclose required information or contained any material misstatement.
Stock Price Movement
At 12:37, Veer Global Infraconstruction Ltd shares are edging higher, currently trading at ₹132.90, showing a gain of 0.19%. The stock experienced movement during the day, fluctuating between an intraday low of ₹130.90 and a high of ₹139.00.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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