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Company Filings, Explained Simply

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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Madhav Infra Projects Ltd

Madhav Infra Projects to convert preference shares to equity

DIVIDEND ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 13 Oct 2026, 09:13 PM IST  ·  BSE ID: 0f886c78-23b1-40b6-bbf5-d4cbb9934248
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's board agreed to change some preference shares into ownership shares and use promoter loans to create new ownership shares.
🤖 AI Summary
  • Board approves converting 3,79,00,000 preference shares into equity.
  • Preference shares to convert into 4,65,03,067 equity shares at Rs. 8.15 each.
  • Company to issue up to 4,19,01,840 equity shares to convert promoter loans.
  • Shareholder approval is required for the proposed conversion and issuance.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Existing Preference Shares
3,79,00,000
1% Non-Cumulative Non-Convertible Redeemable Preference Shares Face Value
Rs. 10/- each
New Preference Shares Conversion
4,65,03,067
1% Non – Cumulative Compulsorily Convertible Preference Shares Face Value
Rs.1/- each
Conversion Equity Share Face Value
Rs. 1/- each
Conversion Issue Price per Equity Share
Rs. 8.15/-
Premium per Equity Share
₹ 7.15/-
Maximum Equity Shares to be Issued for Promoter Loan Conversion
4,19,01,840
Issue Price for Promoter Loan Conversion
₹ 8.15/- per equity share
🏢 How This Affects the Company
💰
Financial Impact
The conversion of preference shares and unsecured loans into equity will alter the company's capital structure, potentially reducing debt and increasing equity.
⚠️
Risk Impact
Subject to shareholder approval, the move will increase the total number of outstanding equity shares.
👥 What This Means For Shareholders
✅
Action Required
Shareholders will need to vote on the proposed conversion and issuance of equity shares.
👤
Who Is Affected
All existing equity shareholders are affected due to the potential increase in the total number of outstanding equity shares.
🔍
Management Signal
Management is signalling a move towards a simplified capital structure by converting preference shares and promoter loans into equity.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Shareholder meeting notice for voting on resolutions.
Confirmation of share issuance post-approval.
Updated capital structure post-conversion.
MEDIUM RISK Shareholder approval is critical for the proposed equity issuance and conversion.
💡 Investor Takeaway
Madhav Infra Projects board approved converting preference shares into 4,65,03,067 equity shares at Rs. 8.15 and issuing up to 4,19,01,840 equity shares to convert promoter loans, pending shareholder approval.
⚖️ Strengths & Concerns

✅ Positives

  • Approved conversion of 3,79,00,000 preference shares into 4,65,03,067 equity shares.
  • Approved issuance of up to 4,19,01,840 equity shares at ₹ 8.15 per share.
❓ Frequently Asked Questions
What did Madhav Infra Projects Limited's Board approve regarding preference shares?
The Board approved varying rights of 3,79,00,000 preference shares into 4,65,03,067 equity shares at Rs. 8.15 each.
What is the conversion price for Madhav Infra's preference shares?
The preference shares are to be converted into equity shares at Rs. 8.15 per share, including a premium of Rs. 7.15 per share.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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