Veer Global Infraconstruction Limited has scheduled an Extra-Ordinary General Meeting (EGM) for April 25, 2026, at 12:00 PM IST through video conferencing to seek shareholder approval for the previously announced ₹6.8 crore loan-to-equity conversion and related party transactions. The company submitted the EGM notice to BSE Limited on April 3, 2026, under Regulation 30 of SEBI listing requirements.

Board-Approved Loan Conversion Details

Following the board meeting held on March 30, 2026, the company's directors had approved the conversion of outstanding unsecured loans into equity shares through preferential allotment:

Investor Allocation and Shareholding Impact

The preferential allotment will be made to two non-promoter entities, both currently holding zero shares in the company:

EGM Agenda and Regulatory Approvals

The EGM will address two special resolutions. The first resolution seeks approval for the loan-to-equity conversion under Sections 23, 42, and 62(1)(c) of the Companies Act, 2013, and SEBI (ICDR) Regulations, 2018. The conversion will increase the company's paid-up share capital from ₹16,24,34,200 to ₹17,04,34,200, consisting of 1,70,43,420 equity shares of ₹10.00 each.

Related Party Transaction Approvals

The second resolution covers approval for material related party transactions worth up to ₹20.00 crore during financial year 2026-27. These transactions involve promoters, directors, key managerial personnel, and their associated entities:

Voting and Participation Guidelines

Shareholders can participate through remote e-voting from April 22, 2026 (9:00 AM) to April 24, 2026 (5:00 PM IST). The cut-off date for determining voting eligibility is April 18, 2026. The company has appointed CS Avni Chouhan as the scrutinizer for the e-voting process and EGM proceedings.

The relevant date for floor price determination under SEBI regulations is March 26, 2026, being 30 days prior to the EGM date. The allotment must be completed within 15 days of shareholder approval, subject to regulatory clearances.

Source: Company/INE244W01010/db08ad65-009c-40ed-9106-05251c1fdf7c.pdf

Veer Global Infraconstruction Limited held its scheduled board meeting on March 21, 2026, but deferred most key agenda items related to loan-to-equity conversion while approving the appointment of a registered valuer. The meeting, conducted through video conferencing from 04:00 PM to 04:25 PM, addressed several critical corporate matters under Regulation 30 of SEBI (LODR) Regulations, 2015.

Board Meeting Outcomes

The board meeting results showed mixed progress on the planned agenda items:

Key Decisions and Deferrals

The most significant development was the board's decision to defer the primary agenda item concerning conversion of loan into equity shares through preferential basis or private placement. This conversion, which was to be conducted in accordance with the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018, will now be reconsidered in the next board meeting along with determination of issue price and number of equity shares.

Approved Appointments

Despite the deferrals, the board successfully approved the appointment of an IBBI Registered Valuer, which is crucial for the valuation process required for the eventual loan-to-equity conversion. This appointment ensures the company maintains progress on regulatory compliance requirements for future equity issuance decisions.

Corporate Compliance

The meeting was conducted under the leadership of Managing Director Vijaybhai Vagjibhai Bhanshali (DIN: 05122207), with the company maintaining its registered office at A-01, Shalibhadra, 100 Feet Link Road, Near Union Bank of India, Nalasopara East, Thane, Maharashtra. The company operates under CIN: L45309MH2012PLC225939 and BSE Listing Code 543241.

Next Steps

The company indicated that deferred agenda items including loan conversion approval, EGM preparations, and scrutinizer appointment will be taken up for discussion and consideration in the next board meeting. Financial results and updates will be made available on the company's website at www.veerglobaltld.com as part of ongoing transparency measures.