Ducon Infratechnologies Limited (DUCON) — Corporate Action

📢 Key Event
Ducon Infratechnologies proposes a rights issue of up to Rs. 25 crores at Rs. [⦁] per share (including Rs. [⦁] premium), offering [⦁] rights shares for every [⦁] equity shares held as of the Record Date.

🔄 What Changed
Rs. 25 crores issue size, Rs. [⦁] issue price (including Rs. [⦁] premium), [⦁] rights ratio, Record Date placeholder, issue opening/closing dates, 90% minimum subscription requirement, 4-day refund timeline with 15% interest for delays, promoter Arun Govil's full subscription commitment, and use of proceeds allocation.

🔮 What's Next
Issue may be extended up to 30 days from opening; Rights Entitlements must be credited before issue closing; No withdrawal after issue closing; Applications rejected if incomplete or non-compliant; No underwriting arrangement; Entire issue size to be funded from net proceeds without external financing.

💡 Investor Takeaway
Shareholders must submit demat details by the deadline to avoid rejection; the issue requires 90% subscription to proceed, with refunds plus interest if unmet; promoter commitment signals confidence but carries dilution risk if under-subscribed.

Ducon Infratechnologies Limited proposes a rights issue of up to Rs. 25 crores at a price of Rs. [⦁] per share (including Rs. [⦁] premium), offering [⦁] rights shares for every [⦁] equity shares held as of the Record Date. The issue opens on [⦁] and closes on [⦁], with applications accepted only via ASBA. Eligible shareholders must submit demat details two working days before closing; physical shareholders face rejection if details are late. Rights entitlements can be renounced on-market or off-market during the period. The company confirms promoter Arun Govil will fully subscribe without renunciation, and no underwriting is arranged. Minimum subscription of 90% of the issue size is required; otherwise, all funds will be refunded within 4 days with 15% annual interest for delays. The issue is governed by SEBI ICDR Regulations, with BIGSHARE SERVICES as registrar and Axis Bank as escrow bank. Funds will be used for loan repayment (Rs. 952 lakhs), working capital (Rs. 736 lakhs), and general corporate purposes (capped at 25% of proceeds).

📄 View Original Announcement (PDF)

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