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Akash Infra-Projects Ltd. ( (IN:AKASH) ) has issued an announcement.
Akash Infra-Projects Ltd. has approved the allotment of 40,00,000 convertible warrants on a preferential basis at an issue price of Rs. 40 per warrant, with 25% of the subscription amount aggregating to Rs. 4 crore already received. The warrants, issued in dematerialised form and subject to lock-in under SEBI ICDR norms, follow shareholder approval at a March 16, 2026 EGM and in-principle clearance from NSE, indicating a targeted capital-raising move that could strengthen the company’s financial flexibility and support future growth initiatives.
More about Akash Infra-Projects Ltd.
Akash Infra-Projects Ltd. is a Gujarat-based infrastructure company focused on road construction and related civil works, positioning itself as a builder of reliable roads in the Indian infrastructure sector. The company is listed on the National Stock Exchange of India under the symbol AKASH and operates from its registered office in Gandhinagar, Gujarat.
Average Trading Volume: 74,875
Technical Sentiment Signal: Strong Sell
Current Market Cap: 425.8M INR
For an in-depth examination of AKASH stock, go to TipRanks’ Overview page.