Latest news about Prajay Engineers Syndicate
Prajay Engineers Syndicate
18.34
+0.09(+0.49%)
Company Performance:
View Company Insights1D+0.49%
1M-16.37%
6M-17.54%
1Y-34.62%
5Y-13.29%
More news about Prajay Engineers Syndicate
19Nov 25
Prajay Engineers Allots 72.69 Lakh Convertible Warrants, Boosting Potential Share Capital
Prajay Engineers Syndicate Limited (PESL) has allotted 72,69,566 convertible warrants at Rs. 23 per warrant on a preferential basis. The warrants are convertible into equity shares within 18 months. The company received an upfront payment of 25% of the issue price, totaling Rs. 4.18 crore, split between loan repayment and cash. The allotment involves both promoter (36,89,304 warrants) and non-promoter (35,80,262 warrants) categories. If fully converted, PESL's paid-up share capital would increase by 10.4% from 6.99 crore shares to 7.72 crore shares.
25Aug 25
Prajay Engineers Syndicate to Consider Fund Raising and AGM Approval in Upcoming Board Meeting
Prajay Engineers Syndicate Limited has scheduled a board meeting for September 2, 2025, to discuss key corporate actions. The agenda includes a potential fund-raising initiative through equity shares, convertible securities, or warrants via Preferential Allotment or Private Placement. The board will consider forming an Allotment Committee to oversee the process. Additionally, the meeting will address Annual General Meeting preparations, including approval of the AGM notice and setting the date. The meeting will take place at the company's registered office in Hyderabad.
14Aug 25
Prajay Engineers Syndicate Reports Q1 FY2026 Loss, Appoints New Internal Auditor
Prajay Engineers Syndicate Limited reported mixed Q1 FY2025-26 results. Standalone revenue increased to Rs 714.46 lakhs, but losses widened to Rs 230.27 lakhs. Consolidated revenue grew to Rs 1,471.14 lakhs with losses narrowing to Rs 319.88 lakhs. Construction and Development segment revenue rose to Rs 1,204.18 lakhs, while Hospitality segment revenue increased to Rs 266.96 lakhs. The company appointed M Shanker as Internal Auditor and settled disputes with White Stock Limited and Belclare Limited. Arbitration with Telangana government is ongoing.
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