Axentra Corp Limited Approves Capital Restructuring and Preferential Share Issue

2 min read Updated on 11 Dec 2025, 06:59 PM

Reviewed by

Ashish TScanX News Team

Overview

Axentra Corp Limited's board has approved a comprehensive capital restructuring plan including increasing authorized share capital from ₹14 crores to ₹35 crores and issuing 1 crore equity shares through preferential allotment. The company also plans to allow up to 100% foreign investment and regularize four directors. Shareholders will vote on these proposals at an EGM scheduled for January 3, 2026.

*this image is generated using AI for illustrative purposes only.

Axentra Corp Limited (formerly Dugar Housing Developments Limited) has announced major capital restructuring initiatives following its board meeting held on December 11, 2025. The decisions, made on recommendations from the Audit Committee, are subject to approval from shareholders, BSE Limited, and other relevant authorities.

Capital Restructuring Initiatives

The board has approved several key financial restructuring measures designed to enhance the company's capital base and operational flexibility.

Initiative	Current Status	Proposed Changes
Authorized Share Capital	₹14.00 crores	₹35.00 crores
Foreign Investment Limit	Not specified	Up to 100%
Preferential Issue	-	1 crore equity shares at ₹10 each

The company plans to increase its authorized share capital from ₹14,00,00,000 to ₹35,00,00,000, representing a significant expansion of its capital structure. This increase will require amendments to the company's Memorandum and Articles of Association.

Preferential Share Issue Details

Axentra Corp has approved the offer, issue, and allotment of 1,00,00,000 equity shares of ₹10 each through a preferential issue. The pricing will be determined according to the formula prescribed under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The preferential issue will target investors from the public category (non-promoters) and will be conducted in accordance with applicable SEBI rules, regulations, and guidelines, as well as the Companies Act, 2013 provisions.

Investor Category	Number of Shares
ALM Aha Investment Fund PCC-ONYX	Not specified
Greenhorizon Fund PCC-CELL	25,00,000
Minerva Ventures Fund	5,00,000

Corporate Governance and Investment Authorization

The board has approved increasing the investment limit for Foreign Portfolio Investment (FPI), Foreign Institutional Investors (FIIs), and Non-Resident Indians (NRIs) up to 100%. Additionally, the company has authorized increased investment limits under Section 186 of the Companies Act, 2013.

The board also approved the regularization of four directors:

Mr. Vinoth Kumar Mohanadas
Mr. Yasiru Lelwala
Mr. Nirmal De Soysa Cooke
Mr. Palaniappan Kumarappan

Extraordinary General Meeting Schedule

Shareholders will vote on these proposals at an Extraordinary General Meeting scheduled for January 3, 2026.

Meeting Details	Information
Date	January 3, 2026 (Saturday)
Time	12:30 PM
Venue	123, 7th Floor, Dugar Towers, 34(123) Marshall's Road, Egmore, Chennai, Tamil Nadu, 600008

The board meeting commenced at 5:00 PM and concluded at 5:25 PM on December 11, 2025. The company has provided detailed disclosures pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, ensuring compliance with all regulatory requirements for the proposed capital restructuring initiatives.