Garuda Construction to hold EGM on Dec 1, 2025, to approve ₹500 Cr QIP, capital increase, and RPTs
Garuda Construction will hold an EGM on December 1, 2025, to seek shareholder approval for raising ₹500 Crores via QIP, increasing authorized capital to ₹80 Crores, and approving related party transactions.
The proposed fundraising of ₹500 Crores and the substantial increase in authorized share capital are major corporate actions that will significantly impact the company's financial structure, growth prospects, and potentially its valuation.
The announcement outlines plans for significant equity fundraising and an increase in authorized share capital, which are positive indicators for future growth and financial flexibility. Approval for related party transactions, if at arm's length, is a routine business item.
* Garuda Construction and Engineering Limited will hold its 1st Extra-Ordinary General Meeting (EGM) for FY 2025-26 on Monday, December 1, 2025, at 10:00 AM (IST) via Video Conference (VC) / Other Audio Visual Means (OAVM). * The EGM will seek shareholder approval for: * Raising funds up to ₹500 Crores through the issue of fully paid-up Equity Shares of ₹5 each via a Qualified Institutions Placement (QIP) on a private placement basis to Qualified Institutional Buyers (QIBs). * Increasing the Authorised Share Capital of the Company from ₹50 Crores (10 Crore equity shares of ₹5 each) to ₹80 Crores (16 Crore equity shares of ₹5 each) by creating an additional 6 Crore equity shares of ₹5 each. * Approving related party transactions (RPTs) within the meaning of Section 2(76) of the Companies Act, 2013 and Regulation 2(1)(zb) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, at arm's length basis and in the ordinary course of business. * The cut-off date for determining members eligible for remote e-voting is Monday, November 24, 2025. * The remote e-voting period will be from Friday, November 28, 2025, 10:00 AM (IST) to Sunday, November 30, 2025, 5:00 PM (IST).
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Garuda Construction and Engineering Limited filed this with the NSE as a statutory disclosure, categorised under egm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Garuda Construction and Engineering Limited. Read the original for the full detail.