Ceigall India Limited announced today, November 5, 2026, that its Board of Directors has approved a significant fund-raising initiative of up to ₹1,000 Crores. The company also resolved to increase its authorized share capital from ₹110 Crore to ₹120 Crore. These approvals are subject to shareholder and regulatory consent, signaling strategic growth and expansion plans for the company.
Board Approves Major Fundraising and Capital Expansion
In a significant development, the Board of Directors of Ceigall India Limited, in its meeting held on Thursday, November 05, 2026, has approved a strategic plan to raise funds amounting to up to Rs. 1,000 Crores. This fundraising is intended to be achieved through various permissible modes, including equity shares, convertible securities, and other instruments, subject to necessary regulatory and shareholder approvals.
Share Capital Increase
Concurrently, the Board has also approved an increase in the company’s authorized share capital from the existing Rs. 110,00,00,000/- (Rupees One Hundred Ten Crore) to Rs. 120,00,00,000/- (Rupees One Hundred Twenty Crores). This move necessitates an alteration to Clause V of the Memorandum of Association of the Company. This capital expansion is crucial for supporting the company’s future growth ambitions and aligns with the proposed fundraising strategy.
Key Financial Disclosures
The Board reviewed and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026. These results were accompanied by the Limited Review Reports from M/s. B D Bansal, Chartered Accountants, and had been previously reviewed and recommended by the Audit Committee. Disclosures regarding outstanding defaults on loans and debt securities have also been made.
Other Board Decisions
In addition to the financial and fundraising approvals, the Board also approved the appointment of Mr. Chandan Singh as an Additional Director/Whole Time Director for a term of 3 years, effective November 05, 2026, subject to shareholder approval. Furthermore, the Board gave in-principle approval for the execution of a Binding Offer Letter for the proposed sale of its step-down subsidiary, Ceigall Bathinda Dabwali Highways Private Limited (CBDHPL).
Next Steps
Details regarding the postal ballot for obtaining shareholder approval for these proposals will be communicated in due course. The meeting of the Board commenced at 11:00 A.M. and concluded at 01:55 P.M. The information presented here is also available on the company’s website.
Source: BSE
