Kridhan Infra Board to Consider Fundraising Options Amidst Challenging Financials

Kridhan Infra Ltd is set to consider a fresh round of fundraising as part of its ongoing efforts to stabilize and strengthen its financial position. The company has officially notified exchanges that its Board of Directors will meet to evaluate various fundraising avenues, including the issuance of equity shares, other securities, or a rights issue, subject to statutory and regulatory approvals.

 

Key Highlights:

 

Board Meeting Scheduled: Kridhan Infra’s board has scheduled meetings specifically to discuss and approve fundraising proposals through equity shares, preferential issues, or other permissible instruments. The most recent such meeting was announced for June 1, 2025, indicating imminent action on this front.

 

Rights Issue on the Table: Among the options, a rights issue is being actively considered, which would allow existing shareholders to participate in the capital raise and help the company shore up its balance sheet.

 

Financial Context: The move comes as Kridhan Infra continues to face significant financial headwinds. The company has reported poor sales growth (-74.1% over five years), persistent losses, and a negative book value, with a net loss of ₹209 crore for the year ended March 2024.

 

Market Position: Despite financial challenges, Kridhan Infra remains a recognized name in the infrastructure and steel trading sector, with a market capitalization of around ₹32–38 crore and stable promoter holding.

 

Regulatory Compliance: Any fundraising will be subject to shareholder and regulatory approvals, in line with SEBI’s Listing Obligations and Disclosure Requirements.

 

The outcome of the upcoming board meeting and the chosen fundraising route will be closely watched by investors, as it could play a crucial role in Kridhan Infra’s turnaround strategy and future growth prospects.

 

Source: Economic Times, MarketScreener, Screener