Ducon Infratechnologies approves rights issue of up to ₹25 Crore
Ducon Infratechnologies Limited approved a rights issue of up to ₹25 Crore to strengthen its capital base and financial flexibility. Proceeds will be used to repay unsecured loans of ₹9.52 Crore from promoter Arun Govil and allocate ₹7.36 Crore for working capital. The issue involves fully paid-up equity shares of Re. 1 each, with listing approvals received from BSE and NSE.

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Ducon Infratechnologies Limited has approved a rights issue of equity shares aggregating up to ₹25 Crore to strengthen its capital base and enhance financial flexibility. The company intends to use the net proceeds to repay unsecured loans from the promoter and meet incremental working capital requirements, thereby optimizing its capital structure and supporting long-term strategic priorities.
The board of directors authorized the issue of fully paid-up equity shares with a face value of Re. 1 each. The company currently has 32,49,25,587 fully paid-up equity shares. The proposed deployment of funds includes the repayment or prepayment of unsecured loans availed from Mr. Arun Govil, Managing Director and Promoter, amounting to ₹9.52 Crore. Additionally, ₹7.36 Crore will be allocated for funding incremental working capital requirements, with the remaining proceeds available for general corporate purposes.
Arun Govil, Chairman & Managing Director, stated that the rights issue represents an important step in strengthening the company's financial foundation. He emphasized that the utilization of proceeds aligns with the objective of maintaining a prudent capital structure and supporting future business requirements across core segments.
| Particulars | Details |
|---|---|
| Issue Size | Up to ₹25 Crore |
| Face Value | Re. 1 per share |
| Existing Shares | 32,49,25,587 |
| Loan Repayment | ₹9.52 Crore |
| Working Capital | ₹7.36 Crore |
The detailed terms and conditions of the rights issue, including the issue price, rights entitlement ratio, and record date, will be specified in the Letter of Offer to be issued in due course. The company has received in-principle approvals from BSE Limited and National Stock Exchange of India Limited for listing the rights equity shares.
Historical Stock Returns for Ducon Infratechnologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -5.02% | -20.05% | -14.41% | -52.58% | -80.16% |
What specific timeline is expected for the rights issue, and when will the key details like issue price and record date be announced?
How will the repayment of promoter loans impact the company's leverage ratios and overall debt profile?
What are the projected benefits of the increased working capital on Ducon's operational efficiency and order execution capabilities?































