CECeigall India544223Capital raise announcement

Fund raise of up to Rs. 1000 Crores, Q2 FY27 results and in-principle binding offer letters for a step-down subsidiary

Board approved fund raise of up to Rs. 1000 Crores via equity or other securities, subject to shareholder nod by postal ballot.

By ScoutQuest · Thu 5 Nov 2026, 3:26 PM IST · 2 min read

Approved fund raise size

up to Rs. 1000 Crores

Q2 revenue from operations

Rs. 9,745.03 million

Q2 profit

Rs. 819.71 million

The board of Ceigall India met on November 05, 2026 and approved a set of decisions along with the unaudited results for the quarter and half year ended September 30, 2026.

Fund raise of up to Rs. 1000 Crores

The board approved raising funds up to Rs. 1000 Crores by issuing equity shares and/or other securities, including securities convertible into equity shares, fully or partly convertible debentures, convertible preference shares, non-convertible debentures with or without warrants, depository receipts and foreign currency convertible bonds, or any combination of these. The route can be a further public offer, preferential issue, rights issue, private placement including a qualified institutions placement, offshore offering or any other permitted method. It requires shareholder approval by special resolution through postal ballot, and the board has delegated the structure and form of the issue, issue price and timing to the Management Committee.

Standalone results for the September quarter

• Revenue from operations: 9,745.03 (Million INR) in the September 2026 quarter, against 7,869.67 in the September 2025 quarter and 9,015.35 in the June 2026 quarter.
• Profit before tax: 1,096.73 for the quarter.
• Profit from continued operations: 819.71, against 558.63 a year earlier.
• Basic and diluted earnings per share: 4.71, against 3.21 a year earlier.
• Half year (April to September 2026): revenue 18,760.38, profit from continued operations 1,573.07, basic and diluted EPS 9.03.

Proposed sale of a step-down subsidiary

The board approved in-principle execution of Binding Offer Letters with Neo Alternative Asset Managers Private Limited (the Acquirer) for the proposed sale of Ceigall Bathinda Dabwali Highways Private Limited (CBDHPL), a step-down subsidiary of the company held through Ceigall Infra Projects Private Limited, subject to requisite approvals under applicable laws.

Whole-time director appointed

Mr. Chandan Singh (DIN: 10901481) has been appointed as an Additional Director / Whole Time Director for a term of 3 years effective November 05, 2026, on the recommendation of the Nomination and Remuneration Committee, subject to approval of the shareholders.

Authorised share capital

The board proposed increasing the authorised share capital from Rs. 110,00,00,000 to Rs. 120,00,00,000, divided into 22,00,00,000 equity shares of Rs. 5 each and 1,00,00,000 preference shares of Rs. 10 each, with a consequential alteration of the capital clause of the Memorandum of Association. This needs an ordinary resolution through postal ballot.

What shareholders will be asked to vote on

• The fund raise of up to Rs. 1000 Crores, by special resolution.
• The increase in authorised share capital, by ordinary resolution.
• The appointment of Mr. Chandan Singh as director.

A notice of postal ballot for obtaining these approvals is to be shared in due course.

The board meeting commenced at 11:00 A.M. and concluded at 01:55 P.M.

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