Bondada Engineering Ltd Share Price – BSE

Infrastructure Developers & Operators, Small Cap

Bondada Engineering announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 December 2024.

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According to the regulatory filing dated on 07 December 2024, the company stated that the fundraising decision was made during a board meeting held on the same day. The firm said that it will raise funds by a way of issuance debentures, non-convertible debt instruments, warrants, convertible debentures, and other equity-based instruments, in one or more tranches.

The company will raise funds up to Rs 185 crore through various methods, including public and private offerings, preferential issues, and qualified institutional placements, subject to statutory and regulatory approvals.

As part of this proposal, the board also approved the issuance of up to 31,25,448 equity shares at an issue price of Rs 591.90 per share, subject to shareholder approval and other necessary clearances.

Bondada Engineering is an infrastructure company that provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services to customers in the telecom and solar energy industries throughout India.

On a full-year basis, the company's consolidated net profit surged 167.2% to Rs 44.73 crore on 116.1% jump in revenue from operations to Rs 800.72 crore in FY24 over FY23.

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Bondada Engineering will hold a meeting of the Board of Directors of the Company on 7 December 2024

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Bondada Engineering has received a work order from Bihar Renewable Energy Development Agency for design, supply, installation, testing, commissioning with comprehensive maintenance contract for 5 years including remote monitoring systems of smart solar street light system on the identified existing electric pole under Mukhyamantri Gramin Solar Street Light Yojana in Bihar State on EPC basis, amounting to Rs. 108.90 crore.

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