ducon infratechnologies has filed a revised draft Letter of Offer with BSE Limited and National Stock Exchange of India Limited on June 12, 2026, detailing a proposed rights issue of up to ₹25.00 crore. The offering aims to strengthen the company’s balance sheet by adjusting promoter loans and funding operational growth, though specific issue dates and the share allotment ratio remain unfinalized in the current draft.

The Board of Directors authorized the issue at its meeting on June 12, 2026, pursuant to Section 62(1)(a) of the Companies Act, 2013. Ducon Infratechnologies, originally incorporated as Dynacons Technologies Limited in 2009 and renamed in 2016, operates primarily in Engineering, Procurement, and Construction (EPC) segments including Flue Gas Desulfurization (FGD) systems and bulk material handling. The company’s equity shares are listed on both major Indian stock exchanges under ISIN INE741L01018.

Utilization of Proceeds

The gross proceeds from the rights issue are estimated at ₹2,500.00 lakh. After deducting estimated issue-related expenses of ₹250.00 lakh, the net proceeds amounting to ₹2,250.00 lakh will be deployed across three primary objectives within FY 2026-27:

A significant portion of the capital raise is directed toward adjusting an outstanding unsecured loan of ₹3,255.94 lakh held by Mr. Arun Govil, the Promoter-cum-Managing Director. The company will convert ₹952.00 lakh of this debt into equity shares against his rights entitlement, reducing the outstanding liability. This conversion was approved by the Board on June 12, 2026, following a request from Mr. Govil. The remaining unsecured loan remains repayable on demand.

Issue Structure and Regulatory Compliance

The rights issue will be offered to existing eligible equity shareholders on a pro-rata basis. The face value of each equity share is Re. 1.00. While the final issue price and subscription ratio have not yet been disclosed in the draft, the total issue size is capped at ₹25.00 crore. The company has received in-principle approvals from both BSE and NSE for the listing of the new shares but has not yet fixed the record date or issue opening dates.

Bigshare Services Private Limited has been appointed as the Registrar to the Issue, while Axis Bank Limited serves as the Banker to the Issue. Brickwork Ratings India Private Limited will act as the Monitoring Agency to track the utilization of proceeds in compliance with Regulation 82 of the SEBI ICDR Regulations. The company confirms that none of its promoters or directors are wilful defaulters.

Financial Context and Risk Factors

As per the audited financial results for the quarter and year ended March 31, 2026, Ducon Infratechnologies reported revenue from operations of ₹23,390.73 lakh for the fiscal year. EPC contracts constituted approximately 98.88% of total revenue, highlighting a high concentration risk in its core business segments. The company faces competition in the FGD and bulk material handling sectors, alongside risks related to project execution delays and raw material price fluctuations.

Investors are advised that the rights entitlements must be exercised or renounced before the issue closing date; otherwise, they will lapse without compensation. Physical shareholders must provide demat account details to participate, as allotment will occur only in dematerialized form. The final Letter of Offer will include definitive pricing, timelines, and the basis of allotment once finalized by the Board.

Ducon Infratechnologies Limited participated in a Virtual Investor Conclave on June 29, 2026, to provide an overview of its business and future growth prospects. The meeting was conducted in the ordinary course of investor engagement under the regulatory framework of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No unpublished price-sensitive information (UPSI) was shared or discussed during the interaction, and no investor presentation was distributed.

The event, titled the Investor Conclave - Investor Connect Summit 2026, was organized pursuant to Regulation 30 read with Part A of Schedule III of the said regulations. The company submitted the intimation to the exchanges to disclose the outcome of this meeting.

The meeting details are as follows:

The management participated to discuss the company's performance and outlook based on publicly available information. The disclosure was signed by Arun Govil, Managing Director.