J. Kumar Infraprojects seeks shareholder approval for INR 800 crore capital raise

J. Kumar Infraprojects Limited (JKIL) has announced a Postal Ballot to seek shareholder approval for a capital raise of up to INR 800 crores. The proposed fundraising will occur in one or more tranches through various instruments, including equity shares and equity-linked securities. The company stated the funds will be used for capital expenditure, debt repayment, working capital requirements, and general corporate purposes. Securities and Exchange Board of India (SEBI) guidelines will govern the pricing and allotment, with a potential discount of up to 5% on the QIP Floor Price.

Remote e-voting for this Special Resolution will commence on Friday, November 28, 2025, at 9:00 a.m. (IST) and conclude on Saturday, December 27, 2025, at 5:00 p.m. (IST). Shareholders as of the Cut-Off Date, Friday, November 14, 2025, are eligible to vote. Dhrumil M. Shah has been appointed as the scrutinizer.

The board of directors has recommended this Special Resolution for approval. Promoters, members of the promoter group, directors, and key managerial personnel will not subscribe to any Qualified Institutional Placement (QIP) undertaken as part of this issue. The company emphasized that the newly issued securities would rank pari-passu with existing equity shares.