3 weeks ago
Chavda Infra Approves 1:1 Bonus Issue, Doubles Capital Base
Chavda Infra is a company in Ahmedabad, India, that builds homes and other buildings.
The people who own part of the company, called shareholders, said yes to a special gift called a bonus issue.
For every share a person already owns, they will get one new share for free.
This means the number of shares doubles without the owners paying extra money.
The company also wants to increase the number of shares it is allowed to create, from 35 crore rupees to 70 crore rupees.
Chavda Infra got a big job to build a tall apartment building at Adani Shantigram Township.
That job is worth 89.45 crore rupees and should be finished in 24 months.
The company earned more money this year than last year, about 22.6 percent more.
It is buying new building tools to work faster and better.
The leaders say they will keep working carefully and honestly as the company grows.
Shareholders of Chavda Infra Limited approved a 1:1 bonus issue, giving one fully paid-up equity share for every existing share held.
The board approved increasing the company's authorised share capital from Rs 35 crore to Rs 70 crore, subject to shareholder approval.
The company received a Letter of Acceptance worth Rs 89.45 crore from ADI Shantigram Abode LLP for a residential high-rise at Adani Shantigram Township in Ahmedabad, to be completed within 24 months.
Revenue from operations rose 22.6 percent year-on-year to Rs 320.6 crore in FY26, with fourth-quarter revenue up 49.8 percent to Rs 167.6 crore.
The promoter group confirmed its shareholding carries zero encumbrance, and the company is seeking an AA+ contractor classification for larger assignments.
Managing Director Maheshkumar Chavda said the company will stay focused on disciplined execution, quality delivery, strong governance and sustainable long-term value creation.
- Who
- Chavda Infra Limited, its shareholders and managing director Maheshkumar Chavda
- What
- Shareholders approved a 1:1 bonus issue, and the board approved doubling authorised share capital from Rs 35 crore to Rs 70 crore
- Where
- Ahmedabad, India, including the Adani Shantigram Township where the new residential high-rise contract is located
- When
- Not given as a specific date; the announcement follows FY26, in which revenue was reported at Rs 320.6 crore
- Why
- To enhance shareholder value, support the company's long-term growth strategy and provide greater financial flexibility for expansion
Key facts
- Company
- Chavda Infra Limited
- Headquarters
- Ahmedabad
- Bonus Issue
- 1:1 (one fully paid-up equity share for every existing share)
- Authorised Share Capital
- Increased from Rs 35 crore to Rs 70 crore (subject to shareholder approval)
- New Contract
- Rs 89.45 crore Letter of Acceptance from ADI Shantigram Abode LLP
- Project
- Core and shell of a residential high-rise at Adani Shantigram Township, completion in 24 months
- FY26 Revenue
- Rs 320.6 crore, up 22.6% year-on-year
- Q4 Revenue
- Rs 167.6 crore, up 49.8%
Quotes
Managing Director Maheshkumar Chavda
Chief executive of Chavda Infra Limited
“The company would remain focused on disciplined execution, quality delivery, strong governance and sustainable long‑term value creation as it prepares for its next phase of business expansion.”
freepressjournal.in
Sources
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