Key Quantitative Figures
- Number of shares: 8,00,000 equity shares
- Face value: ₹10 per share
- Premium: ₹75 per share
- Total issue value: ₹6.80 crore (8,00,000 shares × ₹85 per share)
- Distinctive numbers: 16243421 to 17043420
Dates of Action
- Trading approval letter date: July 23, 2026 (BSE letter LOD/PREF/VJ/374/2026-2027)
- Trading effective date: July 24, 2026
- Disclosure date: July 24, 2026
Parties Involved
- Issuing Company: Veer Global Infraconstruction Limited (Scrip Code: 543241)
- Regulatory Authority: BSE Limited
- Recipients: Non-promoters
- BSE Official: Janardhan Wagle, Deputy Vice President
Purpose and Rationale
The equity shares were issued pursuant to conversion of outstanding unsecured loans into equity shares on a preferential basis to non-promoters.
Capital Structure Impact
- Conversion of unsecured loans into equity shares reduces debt burden
- Addition of 8,00,000 equity shares to the capital base
- Shares issued to non-promoters, potentially diluting existing shareholding
- Issue price: ₹85 per share (₹10 face value + ₹75 premium)
Financial Impact
The conversion of unsecured loans into equity shares improves the company's debt-to-equity ratio and reduces interest burden on outstanding loans.
Effective Date
The new securities are permitted to trade on BSE with effect from Friday, July 24, 2026.