Dhenu Buildcon Infra News

Dhenu Buildcon Infra Limited Proposes Major Capital Restructuring with ₹840 Crore Loan-to-Equity Conversion

Dhenu Buildcon Infra Limited has announced plans to convert outstanding unsecured loans worth ₹839.99 crore into equity shares through a preferential issue. The company will issue up to 591.54 crore equity shares at ₹1.42 per share to six non-promoter entities including Golkonda Aluminium Extrusions Limited, Shanta Agencies Private Limited, and others. The company also proposes to increase its authorized share capital from ₹2.25 crore to ₹1,000 crore. For the year ended March 2025, the company reported a loss of ₹39.55 lakh compared to ₹9.50 lakh in the previous year, with no revenue from operations. The 117th Annual General Meeting is scheduled for August 18, 2025, where shareholders will vote on these proposals along with director appointments and other corporate matters.

Dhenu Buildcon Infra Limited Appoints Asutosh Sahu as Internal Auditor

Dhenu Buildcon Infra Limited has appointed Mr. Asutosh Sahu as the Internal Auditor of the company, effective July 21, 2025, as approved by the Board of Directors. The appointment was made in compliance with section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014 for conducting Internal Audit of the Company. Mr. Sahu is a graduate in the field of Accounts with knowledge and experience in accounting. The company disclosed that there are no relationships between directors in connection with this appointment.

Dhenu Buildcon Infra Limited Announces Key Leadership and Auditor Changes

Dhenu Buildcon Infra Limited has made several significant appointments and changes. The company appointed Mr. Kalpesh Bhanushali as Additional Executive Director effective July 21, 2025, subject to shareholder approval at the upcoming Annual General Meeting. Mr. Bhanushali, a Commerce Graduate with financial literacy, will serve an initial term of up to three months, followed by a potential 5-year term upon shareholder approval. The company also appointed M/s Ramesh Chandra Bagdi & Associates as Secretarial Auditor for a five-year term starting from Financial Year 2025-2026, subject to shareholder approval. Additionally, the company's statutory auditors, M/s Subramanium Bengali & Associates, resigned effective July 21, 2025, citing their inability to continue due to changes in stakeholders during the last financial year.

Dhenu Buildcon Infra Approves Major Capital Restructuring and Leadership Changes

Dhenu Buildcon Infra Limited's Board approved a significant increase in authorized share capital from ₹2.25 crore to ₹1,000 crore, subject to shareholder approval. The company will issue up to 5.91 billion equity shares at ₹1.42 per share to six non-promoter investors, converting existing unsecured loans worth approximately ₹840 crore into equity. Key appointments include Kalpesh Bhanushali as Additional Executive Director, Asutosh Sahu as Internal Auditor for five years, and M/s Ramesh Chandra Bagdi & Associates as Secretarial Auditor. The statutory auditors M/s Subramanium Bengali & Associates resigned due to changes in stakeholders. The 117th Annual General Meeting is scheduled for August 18, 2025, with a cut-off date of August 11, 2025 for voting eligibility.