ducon infratechnologies has received in-principle approvals from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) on August 6, 2026, for its proposed rights issue of equity shares. The company, which filed a revised draft Letter of Offer on June 12, 2026, aims to raise up to ₹25.00 crore to strengthen its balance sheet by adjusting promoter loans and funding operational growth. This regulatory milestone paves the way for the finalization of issue dates and the subscription process for existing shareholders.

The approvals were granted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors had previously authorized the issue on June 12, 2026, under Section 62(1)(a) of the Companies Act, 2013. While the total issue size is capped at ₹25.00 crore, specific details such as the final issue price, subscription ratio, and record date remain to be finalized by the Board. The company must disclose the rights issue price at least three working days prior to the record date.

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 FY26-27:

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. 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. Investors are advised that 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 through National Securities Depository Limited or Central Depository Services Limited.

Financial Context

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 Flue Gas Desulfurization (FGD) and bulk material handling sectors, alongside risks related to project execution delays and raw material price fluctuations.

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.