Ducon Infratechnologies has launched a rights issue of up to Rs 24.99 crore to support working capital and reduce promoter debt. Shareholders are eligible to subscribe to 10 equity shares for every 13 shares held as of the record date.
Ducon Infratechnologies Announces Rs 24.99 Crore Rights Issue
Issue Size: Rs 24.99 crore (24,99,42,759 equity shares) | Issue Price: Rs 1.00 per share
Reader Takeaway: The rights issue funds working capital and reduces debt, with MD Arun Govil confirming his participation.
What just happened
Ducon Infratechnologies Limited has officially announced a rights issue to raise Rs 24.99 crore. Existing shareholders as of the record date of August 25, 2026, will be eligible to participate. The subscription window opens on September 3, 2026, and will close on September 10, 2026.
Why this matters
The capital raised will be used for incremental working capital (Rs 7.36 crore), general corporate purposes (Rs 5.61 crore), and the adjustment of an outstanding unsecured loan from the Managing Director (Rs 9.52 crore). This move is intended to strengthen the company’s liquidity and reduce its debt burden. MD Arun Govil has committed to subscribing to his full entitlement, signaling management confidence.
Compliance and Oversight
The company has secured in-principle approval from both BSE and NSE for the issuance. Furthermore, Brickwork Ratings India Private Limited has been appointed as the monitoring agency to ensure the funds are utilized as per the stated objectives.
What to track next
Investors should monitor the subscription period starting September 3, 2026. Shareholders must decide whether to exercise their rights or renounce them before the closing date of September 10, 2026.