SRM Contractors Limited held a Board of Directors meeting on September 05, 2026 from 04:00 PM to 05:00 PM IST. The meeting was conducted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Board Approvals:

1. Increase in Authorized Share Capital

  • Approved increase of authorized share capital from ₹25,00,00,000 (Rupees Twenty-Five Crore Only) divided into 2,50,00,000 Equity Shares of ₹10 each to ₹35,00,00,000 (Rupees Thirty-Five Crore Only) divided into 3,50,00,000 Equity Shares of ₹10 each
  • Creation of additional 1,00,00,000 Equity Shares of ₹10 each
  • Requires alteration of Capital Clause (Clause V) of the Memorandum of Association
  • Subject to approval of members of the Company

2. Qualified Institutions Placement (QIP)

  • Approved issuance of Equity Shares or other convertible securities through QIP
  • Aggregate consideration not exceeding ₹150 Crore (Rupees One Hundred Fifty Crore Only)
  • To be conducted in accordance with SEBI (ICDR) Regulations, 2018 and Companies Act, 2013
  • Subject to receipt of all necessary approvals
  • Type of securities: Fully paid-up Equity Shares of face value ₹10 each
  • Issuance may occur in one or more tranches

3. Preferential Issue of Warrants to Promoters

  • Approved issuance of up to 19,34,236 Fully Convertible Warrants
  • Issue price: ₹517 per Warrant
  • Total consideration: ₹100,00,00,012 (Rupees One Hundred Crore and Twelve Only)
  • Warrants convertible into equivalent number of Equity Shares of face value ₹10 each
  • Conversion period: Within 18 months from allotment date
  • Conversion at option of Warrant holder in one or more tranches
  • Allottees belong to "Promoter & Promoter Group" category

Allottee Details:

  • Sanjay Mehta (Promoter): 9,67,118 Warrants
  • Puneet Pal Singh (Promoter): 9,67,118 Warrants
  • Total: 19,34,236 Warrants

4. Fund-Raising Committee

  • Constituted a Fund-Raising committee of the Board
  • Purpose: To take all necessary actions for the proposed QIP Issuance and Preferential Issue
  • Authority to finalize/approve all relevant documents

5. Annual General Meeting

  • Approved draft Notice for AGM scheduled on Wednesday, September 30, 2026
  • AGM purpose: To seek member approval for:
  • Increase and alteration of Authorized Share Capital
  • QIP Issuance
  • Preferential Issue
  • Other matters as set out in the Notice

Additional Information:

  • The intimation is being hosted on the company website: www.srmcpl.com
  • Signed by Arun Mathur, Company Secretary and Compliance Officer (M. No: A36848)
  • Digital signature timestamp: September 05, 2026 at 17:47:26 IST