Ganesh Infraworld EGM voting opens on June 29 for warrant issue

Ganesh Infraworld Limited has commenced remote e-voting for its Extraordinary General Meeting (EGM) scheduled on July 2, 2026, where shareholders will vote on the issuance of warrants to raise ₹51,40,80,000. The company aims to utilize these funds for working capital requirements and general corporate purposes. The meeting will be held via Video Conferencing (VC) and Other Audio Visual Means (OAVM) at 4:00 P.M. IST.

The Board of Directors approved the proposal on June 6, 2026, based on a valuation report by Ms. Nidhi Agarwal, a Registered Valuer. The issuance of up to 57,12,000 warrants is priced at ₹90 each, comprising a face value of ₹5 and a premium of ₹85. These instruments are convertible into equity shares within 18 months from the date of allotment and will be issued to 17 identified non-promoter investors. The issue is subject to the provisions of the SEBI (ICDR) Regulations, 2018.

EGM and Voting Details

Remote e-voting commenced on June 29, 2026, at 9:00 A.M. and will conclude on July 1, 2026, at 5:00 P.M. Shareholders as on the cut-off date of June 25, 2026, are eligible to vote. The notice for the EGM was sent electronically on June 8, 2026, and published in newspapers on June 10, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Proposed Allottees

The warrants will be allotted to 17 non-promoter investors. The table below details the proposed allotment and the post-issue shareholding percentage assuming full conversion of warrants into equity shares.

Sr. No.	Name of the Proposed Allottee	No. of Warrants	Post-Issue Holding
1	Ms. Aadhya Ashokkumar Agarwal	109,600	0.23%
2	Mr. Vinod Shyam Sunder Jaju	49,600	0.11%
3	Mr. Akhil Shyamsunder Mundhra	100,000	0.21%
4	Mr. Rakesh Aggarwal	120,000	0.25%
5	Mr. Pankaj Kedia	49,600	0.10%
6	M/s. Prosurge Advisors LLP	49,600	0.10%
7	Mr. Rakesh Raichand Kothari	200,000	0.41%
8	M/s. Annso Capital Private Limited	149,600	0.31%
9	Ms. K Kavitha	89,600	0.18%
10	Mr. Mahendra Lalji Gala	49,600	0.10%
11	M/s. Stellant Securities (India) Limited	2,000,000	4.13%
12	Mr. Dnyanesh Suresh Vadwalkar	20,000	0.04%
13	Mr. Pavankumar Sanwaria Realty Private Limited	124,800	0.26%
14	Mr. Arun Kumar Bhawsinka	500,000	1.03%
15	Mr. Navin Kandoi	700,000	1.45%
16	Mr. Ganesh Kandoi	700,000	1.45%
17	M/s. Bluemount Exports Private Limited	700,000	1.45%

The warrants are unsecured, unlisted, and unrated, and do not carry any voting rights until conversion. The equity shares arising from the conversion will be locked in as per SEBI regulations. The company has stated that there will be no change in control or the composition of the Board consequent to this preferential issue.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.98%	+17.48%	+19.66%	-54.71%	-44.56%	-43.37%

Ganesh Infraworld Ltd. confirmed that its promoters and persons acting in concert (PACs) did not create any encumbrance on their shareholdings during the financial year ended March 31, 2026. This disclosure ensures that the shares held by the promoters remain free from charges such as pledges or liens, providing stability to the company's ownership structure.

The declaration was submitted by Vibhoar Agrawal, Managing Director, in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates promoters to disclose any encumbrance on their holdings to ensure transparency for shareholders.

Promoter Holdings

The filing detailed the shareholding of the key promoters as of the date of the declaration. The combined holding of the promoters represents a significant majority stake in the company.

Name of Promoter	No. of Shares held	% of Total Share Capital
Vibhoar Agrawal	13844712	32.41%
Rachita Agrawal	10522285	24.63%

Vibhoar Agrawal, in his capacity as Managing Director and promoter, affirmed that neither he nor the other promoters and PACs have made any direct or indirect encumbrance on the shares. The declaration was signed and submitted from Kolkata on April 4, 2026.