Dhenu Buildcon Infra Completes ₹840 Crore Loan-to-Equity Conversion with Share Allotment
Dhenu Buildcon Infra Limited has successfully completed its ₹840 crore loan-to-equity conversion by allotting 591.55 crore shares to six non-promoter entities at ₹1.42 per share. The transaction, approved by the board on December 27 following BSE's in-principle approval, transforms the company's capital structure with Twinkle Mercantiles & Credits emerging as the largest shareholder with 21.96% stake.
22Jul 25
Dhenu Buildcon Infra Limited Announces Major Leadership Changes and Auditor Reshuffle
Dhenu Buildcon Infra Limited has made significant changes to its leadership and auditing structure. Key developments include: appointment of Mr. Kalpesh Bhanushali as Additional Executive Director, M/s Ramesh Chandra Bagdi & Associates as new Secretarial Auditor, resignation of statutory auditors M/s Subramanium Bengali & Associates, and appointment of Mr. Asutosh Sahu as Internal Auditor. The company also approved a supplementary loan agreement, proposed an increase in Authorized Share Capital to ₹1,000 crore, and plans to issue 5,91,54,92,940 equity shares at ₹1.42 per share on a preferential basis.
22Jul 25
Dhenu Buildcon Infra Unveils Massive Capital Restructuring and Leadership Overhaul
Dhenu Buildcon Infra Limited has approved a 444-fold increase in authorized share capital from ₹2.25 crore to ₹1,000 crore. The company plans to convert ₹840 crore of unsecured loans into equity by issuing 5.91 billion shares at ₹1.42 per share to six non-promoter investors. Key leadership appointments include Mr. Kalpesh Bhanushali as Additional Executive Director, Mr. Asutosh Sahu as Internal Auditor, and M/s Ramesh Chandra Bagdi & Associates as Secretarial Auditor. The statutory auditors have resigned, and the 117th AGM is scheduled for August 18.