Ducon Approves Rights Issue To Raise Rs 250 mn

19 Jun 2026 CW Team

Ducon Infratechnologies Limited (Ducon) said its board has approved a rights issue of equity shares aggregating up to Rs 250 mn. The board presented the move as intended to strengthen the company's financial position and enhance financial flexibility while supporting long-term strategic priorities. The issue will be offered to eligible equity shareholders on a rights basis and detailed terms will be set out in a Letter of Offer issued in due course.

The company indicated that net proceeds are proposed to be used to repay or prepay certain unsecured loans advanced by the managing director and promoter up to Rs 95.2 mn, to fund incremental working capital requirements of Rs 73.6 mn, and for general corporate purposes. Management stated that the deployment is expected to strengthen the balance sheet, optimise the capital structure and support operational requirements. The rights issue will also give existing shareholders an opportunity to participate in future growth.

Ducon currently has 324,925,587 fully paid equity shares of face value one rupee each. The precise issue price, rights entitlement ratio, record date and application process will be disclosed in the Letter of Offer. The board emphasised disciplined execution and a balanced approach to capital allocation as the rationale for the fund raise. The company highlighted its end-to-end engineering, procurement and construction capabilities across environmental control, clean energy, infrastructure and process industries.

For the financial year ended 2026 the company reported consolidated total income of Rs 4.2205 bn, EBITDA of Rs 265.2 mn and net profit of Rs 109.8 mn. Management noted that the rights issue is part of measures to enhance financial flexibility and pursue opportunities across core business segments while maintaining prudent capital management. The company is headquartered in Thane and will provide further details through stock exchange filings and the Letter of Offer.

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