SRM Contractors Approves ₹150 Crore QIP And ₹100 Crore Promoter Warrants

Board approved QIP of up to ₹150 Cr and preferential issue of 19,34,236 warrants at ₹517 each, aggregating up to ₹100 Cr to promoters, subject to approvals. First equity raise since listing and a shift from internally funded growth; promoter participation provides funding support alongside institutional fundraising. Proceeds are not earmarked in the filing; dilution, QIP pricing, use of funds and conversion terms remain unresolved. AGM approval is scheduled for September 30, 2026.