Veer Global Infraconstructions Rights Issue 2026 Review by Dilip Davda

• This is the 3rd RI from the company since January 2022.
• The last RI was in February 2023.
• The company posted average financial performance for the reported periods, with declining top and bottom lines.
• Though the RI appears lucratively priced at a discount of around 74% to its last traded price, it appears to be a risky bet.
• Only well-informed/cash surplus investors may park funds for medium term.

Preface:

This Is The 3rd Rights Issue (Ri) From This Company After Going Public In October 2020. It Came With The Maiden Ipo At A Price Of Rs. 28 Per Share To Mobilize Rs. 4.92 Cr. It Came With Its First Ri In January 2022 At A Price Of Rs.60.00 Per Share To Mobilize Rs. 4.87 Cr. And 2nd Ri At A Price Of Rs. 130.00 Per Share In February 2023, To Mobilize Rs. 10.56 Cr. Surprisingly For This Ri It Has Reduced The Price Drastically To Rs. 30 Per Share. The Counter Is Well Managed By Vested Interest Operators Above The Offer Price.

About Company:

Veer Global Infraconstructions Ltd., (Vgil) Is Engaged In The Construction And Development Of Residential And Commercial Real Estate And Activities Ancillary Thereto. The Company Proposes To Utilize Rs. 9.83 Cr. Of The Net Proceeds To Part Finance The Construction And Development Of The Project Titled “Ayodhya Nagari – 1”.

The Project Is Registered Under Maharera Bearing Registration Number Pr1240002502919 Dated March 18, 2026, – Admeasuring 3,727.05 Sq. M., And Situated At 68/3, At Vasai Virar City (M Corp), Vasai, Palghar 401208, As Per The Particulars Provided By The Company. The Rera Registration Certificate Shall Form Part Of The Material Documents Available For Inspection

The Offer Document Is Silent On Its Employees’ Strength Data.

Issue Details:

The Company Is Coming Out With Its Rights Issue (Ri) Of 3408684 Equity Shares Of Rs. 10 Each At A Fixed Price Of Rs. 30 Per Share To Mobilize Rs. 10.23 Cr. The Ri Opens For Subscription On November 06, 2026, And Will Close On November 26, 2026. The Company Is Offering Ri In The Ratio Of 1 For 5 To Its Eligible Stakeholders As Of The Record Date Of October 30, 2026. The Company Is Asking For Full Money On Application For Number Of Shares Applied. Post Allotment, Ri Shares Will Be Listed On Bse. The Company Is Spending Rs. 0.40 Cr. For This Ri Process, From The Net Proceeds, Rs. 9.83 Cr. For Construction And Development Of Ayodhya Nagari – 1.

The Ri Is Solely Lead Managed By The Company Itself, And Purva Sharegistgry (India) Pvt. Ltd. Is The Registrar To The Issue.

Post-Ri, Company’s Current Paid-Up Equity Capital Of Rs. 17.04 Cr. (17043420 Equity Shares) Will Stand Enhanced To Rs. 20.45 Cr. (20452104 Shares). Based On The Ri Pricing, The Company Is Looking For A Market Cap Of Rs. 61.36 Cr.

Financial Performance:

On The Financial Performance Front, For The Last Two Fiscals, The Company Has Posted Total Revenue / Net Profit Of Rs. 11.82 Cr. / Rs 1.81 Cr. (Fy25), Rs. 7.37 Cr. / Rs.  1.61 Cr. (Fy26). For Q1 Of Fy27 Ended On June 30, 2026, It Has Earned A Net Profit Of Rs. 0.07 Cr. On A Total Income Of Rs. 2.24 Cr. It Posted Listless Financial Performance For The Reported Periods With Declining Top And Bottom Lines.

Dividend Policy:

The Company Has Not Paid Any Dividends For The Last Three Years. It Will Adopt A Prudent Dividend Policy, Based On Its Financial Performance And Future Prospects. The Offer Document Is Silent On Its Dividend Policy.

Scrip Performance: Based On Bse Website Data: Scrip Code: 543241 (Fv Rs. 10).

The Scrip Last Closed On Cum-Right Basis At Rs. 144.95 On October 29, 2026, And Opened On An Ex-Right Basis At Rs. 115.00 On October 30, 2026. Since Then, It Has Marked A High/Low Of Rs. 120.05 / Rs. 97.20. The Scrip Last Closed At Rs. 113.65 As Of November 05, 2026. For The Last 52 Weeks’ It Has Posted A High/Low Of Rs. 134.54 / Rs. 62.33.

The Promoters’ Holding Has Been At 0.00%L For The Last Three Quarters Ended On September30, 2026. The Counter Is Trading Well Above The Ri Price, With Vested Interest Operations.