Cemindia Projects Limited has scheduled an Extra-Ordinary General Meeting (EGM) for August 17, 2026, to seek shareholder approval for raising capital of up to ₹5,000 crore. The Mumbai-headquartered engineering and construction firm aims to utilize the proceeds for organic and inorganic growth, repayment of loans, capital expenditure, and general corporate purposes. The funding may be raised through qualified institutional placements (QIPs), preferential allotments, rights issues, or other permissible modes, providing the company with strategic flexibility to capitalize on market opportunities.

The Board of Directors approved the fund-raising plan on July 23, 2026, granting itself the authority to determine the specific instruments, pricing, and timing based on market conditions. The proposed issuance includes equity shares, convertible debentures, global depository receipts (GDRs), American depository receipts (ADRs), or foreign currency convertible bonds (FCCBs). If executed via QIP, the allotment will be restricted to qualified institutional buyers (QIBs) and must be completed within 365 days of the special resolution's passage.

Key Meeting and Fund Raise Details

The following table summarises the critical parameters of the upcoming EGM and the proposed capital raise:

Shareholders holding shares as of the cut-off date of August 10, 2026, are eligible to vote. The company has engaged National Securities Depository Limited (NSDL) as the e-voting agency. Remote e-voting will commence on August 13, 2026, at 9:00 AM and conclude on August 16, 2026, at 5:00 PM. Members who cast votes remotely can attend the meeting via video conferencing but cannot vote again during the session.

Regulatory Framework and Conditions

The resolution requires compliance with the Companies Act, 2013, and SEBI’s Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018. For QIPs, the relevant date for pricing will be the date the Board decides to open the issue. The price must not be less than the floor price determined under Regulation 176 of the ICDR Regulations, though a discount of up to 5% is permissible. No single allottee in a QIP can receive more than 50% of the issue size, and at least 10% must be allotted to mutual funds.

Proceeds from any issue will be monitored by a credit rating agency registered with SEBI, which will submit quarterly reports until 100% utilization. The Board retains the discretion to adjust terms for corporate actions such as bonus issues or rights offers. The equity shares issued will rank pari passu with existing shares in all respects, including voting and dividend rights.

Cemindia Projects Limited will conduct an analysts and institutional investors conference call on July 29, 2026, to discuss the unaudited financial results for the quarter ended June 30, 2026. The meeting is scheduled to begin at 12:00 PM IST, providing stakeholders with an opportunity to review the company's performance for Q1FY27 directly with its leadership team.

The conference call will be represented by key executives, including Managing Director Jayanta Basu, Chief Financial Officer Nitesh Sharma, and Head Investor Relations Rahul Agarwal. Their participation aims to offer detailed insights into the financial figures and operational highlights of the reported quarter.

ICICI Securities is coordinating the event, facilitating access for domestic and international investors. Participants can join the discussion via universal access numbers or specific toll-free lines designated for Singapore, Hong Kong, the UK, and the USA.

Conference Call Access Details

The company has noted that the scheduled date and time are subject to change due to potential exigencies involving investors or the company. A Diamond Pass registration link is available for those seeking alternative access methods.

Contact Information

For any clarifications regarding the event, investors may reach out to ICICI Securities representatives Rushad Kapadia, Seema Sehgal, or Minali Ginwala via the provided contact details.