The Board of Directors of Ceigall India Limited has approved a significant fundraising plan to raise up to Rs 1,000 Crores. This capital will be raised through the issuance of equity shares and/or other securities, including convertible instruments. The move is subject to shareholder approval via postal ballot and necessary regulatory clearances, signaling the company’s intent for strategic growth and expansion.
Board Approves Major Fundraising Initiative
At its meeting held on November 5, 2026, the Board of Directors of Ceigall India Limited has given its in-principle approval for a substantial fundraising exercise. The company plans to raise funds amounting to up to Rs 1,000 Crores. This significant capital infusion is intended to fuel future growth and strategic initiatives.
Method of Fundraising
The proposed fundraising will be achieved through the issuance of various securities. These may include equity shares and/or other securities, such as fully convertible debentures, partly convertible debentures, convertible preference shares, non-convertible debentures, warrants, global depository receipts, and foreign currency convertible bonds, among others. The company may also utilize private placements, rights issues, or qualified institutions placements as permissible modes, subject to applicable laws and regulatory approvals.
Shareholder Approval and Delegation
This strategic move requires the approval of the shareholders through a special resolution via a postal ballot. Furthermore, the Board has delegated the authority to the Company’s Management Committee to determine the specifics of the issuance, including the structure, issue price, timing, and terms and conditions, in compliance with all applicable laws.
Other Board Decisions
In addition to the fundraising approval, the Board also considered and approved the unaudited financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Reports. A disclosure of outstanding default on loans and debt securities was also made. The Board also approved the increase in Authorized Share Capital from Rs. 110 Crores to Rs. 120 Crores and appointed Mr. Chandan Singh as an Additional Director/Whole Time Director. An in-principle agreement for the sale of its step-down subsidiary, Ceigall Bathinda Dabwali Highways Private Limited, was also noted.
Financial Highlights
The standalone financial results for the quarter and half year ended September 30, 2026, were reviewed and approved. Key figures from the standalone statement of assets and liabilities show total assets of Rs 44,827.29 million as of September 30, 2026. The standalone statement of profit and loss for the quarter ended September 30, 2026, reported a profit after tax of Rs 819.71 million. For the half year ended September 30, 2026, the profit after tax was Rs 1,573.07 million. The consolidated financial results also showed a profit after tax of Rs 928.23 million for the quarter and Rs 1,561.25 million for the half year ended September 30, 2026.
Source: BSE
