Gayatri Projects Completes Preferential Allotment of 16.81 Crore Equity Shares
Gayatri Projects Limited has completed the preferential allotment of 16,81,00,315 fully paid-up equity shares of face value Rs. 2 each at an issue price of Rs. 10 per share, aggregating to Rs. 168,10,03,150. The Issue & Allotment Committee approved the allotment on 20 April 2026, representing the second and final tranche of the preferential issue. Six investors, including Chairman and Managing Director T.V. Sandeep Kumar Reddy, participated in the allotment. Following the issuance, the company's paid-up equity share capital has increased from 29,61,98,685 shares amounting to Rs. 59,23,97,370 to 46,42,99,000 shares amounting to Rs. 92,85,98,000. The company will apply to stock exchanges for listing and trading approval of the newly allotted shares.
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Gayatri Projects Limited has completed the preferential allotment of 16,81,00,315 fully paid-up equity shares, representing the second and final tranche of its preferential issue. The Issue & Allotment Committee of the Board approved the allotment on 20 April 2026, with shares issued at an issue price of Rs. 10 per share, including a premium of Rs. 8 per share. The total issue size amounts to Rs. 168,10,03,150.
The preferential allotment follows approvals from the Board Meeting held on 25 September 2025 and the Extraordinary General Meeting on 23 October 2025. In-principle approvals were received from BSE Limited and National Stock Exchange of India Limited on 7 April 2026. The issuance was conducted in accordance with the Companies Act, 2013 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Six investors participated in the preferential allotment. The distribution of shares among allottees is detailed below:
| S.No. | Name of the Allottee | Number of Shares Allotted |
|---|---|---|
| 1 | T.V. Sandeep Kumar Reddy | 100000000 |
| 2 | M/s RRS Family Trust | 23100315 |
| 3 | Dnyaneshwar trading and investments Pvt Ltd | 5000000 |
| 4 | Flying Tortoise Retail Pvt Ltd | 5000000 |
| 5 | Swing WealthManagement Pvt Ltd | 10000000 |
| 6 | Varanium India Opportunity Ltd. | 25000000 |
| Total | 168100315 |
Consequent to the allotment, the paid-up equity share capital of Gayatri Projects Limited has increased significantly. The pre-issue capital stood at 29,61,98,685 shares amounting to Rs. 59,23,97,370, while the post-issue capital now stands at 46,42,99,000 shares amounting to Rs. 92,85,98,000.
| Particulars | Number of Equity Shares | Amount (in Rs.) |
|---|---|---|
| Paid-up share capital (Pre-Issue) | 29,61,98,685 | 59,23,97,370 |
| Paid-up share capital (Post-Issue) | 46,42,99,000 | 92,85,98,000 |
The newly allotted shares will rank pari-passu in all respects, including dividend rights, with the existing equity shares of the company. Gayatri Projects Limited will make an application to the stock exchanges for listing and trading approval of the newly allotted shares in due course. The shares have been issued in dematerialized form and credited to the respective demat accounts of the allottees.
How will Gayatri Projects utilize the ₹168 crores raised to drive future growth and expansion plans?
What impact will the 57% increase in paid-up capital have on the company's debt-to-equity ratio and financial leverage?
Will the significant dilution from issuing 16.81 crore new shares affect earnings per share and dividend distribution policies?
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