Kandoi Transport Limited, an unlisted subsidiary of ganesh infraworld , approved a 3:1 bonus issue on June 26, 2026. The decision, taken during the subsidiary's board meeting, entails issuing three fully paid-up bonus equity shares for every one existing share held. This move capitalizes the free reserves of Kandoi Transport and follows a share split that reduced the face value of its equity shares from ₹100 to ₹10.

The approval was granted pursuant to the authorization received from the shareholders of Kandoi Transport at its Annual General Meeting held on June 13, 2026. The Board of Directors of Kandoi Transport has authorized the Company Secretary to handle all necessary statutory compliances, filings, and corporate actions required under the Companies Act, 2013, and other applicable laws to complete the allotment process.

Ganesh Infraworld holds 60% of the paid-up equity share capital in Kandoi Transport. The bonus issue pertains solely to the subsidiary's share capital and will not result in any change in Ganesh Infraworld's percentage shareholding or existing equity interest. Consequently, the parent company will not incur any additional investment or cash outflow as a result of this allotment.

The corporate action is not expected to impact the capital structure, shareholding pattern, earnings per share, or any other securities of Ganesh Infraworld. The disclosure was made to the National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Bonus 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.

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.