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The latest announcement is out from Garuda Construction and Engineering Limited ( (IN:GARUDA) ).
Garuda Construction and Engineering Limited has announced the scheduling of its first Extraordinary General Meeting (EGM) for the financial year 2025-26, set to take place on December 1, 2025, via video conferencing. The primary agenda of the meeting is to discuss and potentially approve the raising of funds through the issuance of equity shares amounting to ₹500 Crores via Qualified Institutions Placement (QIP). This move is aimed at enhancing the company’s financial capacity to support its growth initiatives, potentially impacting its market positioning and stakeholder interests.
More about Garuda Construction and Engineering Limited
Garuda Construction and Engineering Limited operates in the construction and engineering industry, focusing on providing comprehensive construction services and engineering solutions. The company is known for its involvement in large-scale infrastructure projects and aims to strengthen its market position through strategic initiatives.
Average Trading Volume: 195,865
Technical Sentiment Signal: Strong Buy
Current Market Cap: 20.93B INR
For detailed information about GARUDA stock, go to TipRanks’ Stock Analysis page.