Shradha Infraprojects Shares More Than 3% After ₹121.49 Crore Rights Issue Allotment

Nagpur, Oct 7, 2025: In early morning trade, shares of Shradha Infraprojects Ltd (NSE: SHRADHA) gained over 3% following the completion of a ₹121.49 crore rights issue. During its fifth board meeting for FY26, held via video conference on 6 October, the company approved the allotment of 3.04 crore fully paid-up equity shares at ₹40 each, including a ₹38 premium per share. Following the announcement, Shradha Infraprojects’ stock rose 3.46% to ₹51.11 by 11:30 AM IST, as investors responded positively to the strengthened capital structure and anticipated acceleration of ongoing and upcoming development projects.

Shradha Infraprojects Limited, listed on the NSE (ISIN: INE715Y01031), develops residential and commercial projects in Nagpur and neighboring areas. With the successful ₹121.49 crore rights issue, the company may pursue its expansion ambitions and promote long-term growth.

Rights Issue Allotment

The National Stock Exchange of India (NSE) completed the allotment in line with the Audit Committee’s recommendation and the Letter of Offer dated 10 September 2025. Under the approved allotment plan, shares were allotted to eligible shareholders and those who renounced their rights. This rights issue strengthens the company’s equity base, providing additional capital to fund ongoing and future infrastructure projects.

Strengthened Capital Base

Prior to the rights offering, Shradha Infraprojects had an equity share capital of 5,06,23,480 shares, valued at ₹10.12 crore. Following the offer, the equity base increased to 8,09,97,568 shares, and paid-up capital increased by almost 60% to ₹16.20 crore. Adding capital should strengthen the company’s balance sheet and give it more financial leeway to work on projects.

The rights issue carried a face value of ₹2 per share, while the issue price was set at ₹40 per share, incorporating a ₹38 premium. The transaction raised a total of ₹121.49 crore. The allotment process and related formalities were reviewed and ratified during the board meeting held between 7:30 and 8:00 PM on 6 October 2025.

REF:https://nsearchives.nseindia.com/corporate/SHRADHA_06102025202444_outcomre.pdf

https://nsearchives.nseindia.com/corporate/SHRADHA_06102025202302_outcomre.pdf

https://nsearchives.nseindia.com/corporate/SHRADHA_06102025201515_outcomre.pdf

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