VMPL
Kolkata (West Bengal) [India], July 18: Trishakti Industries Limited, a top crane rental and heavy lifting services company in India, has completed acapital raising initiative, marking a pivotal momentin its continuous expansion and aggressive investment strategies.
Key Highlights:
Preferred Distribution of Equity Shares and Options
Strategic Equity Financing and Allocations:
The Board of Directors has given approval to a preferential offering consisting of:
* 1,46,000 fully paid-up equity shares issued at a price of ₹158.10 each.
* 16,18,000 convertible warrants at ₹158.10 each, with each warrant entitling the holder to one equity share within 18 months of issuance.
* The total funds raised will amount to ₹27.89 crore, including new capital investment and the conversion of unsecured loans.
* 10 lakh shares allocated to the promoter group, indicating their ongoing dedication and show of confidence in Trishakti's long-term strategy.
* 6.18 lakh warrants allocated to public (non-promoter) investors, greatly expanding the shareholder base and market involvement.
Enhanced Shareholding Profile
Following the preferential issue, the total number of shares went up from 1,63,30,550 to 1,80,94,550. The Promoter and Promoter Group's holding increased from 1,12,85,591 to 1,22,85,591 shares, although their percentage slightly dropped from 69.11% to 67.90%. Public holdings rose from 50,44,959 to 58,08,959 shares, with their stake increasing from 30.89% to 32.10%.
Capital Expenditure Plan: India's Infrastructure Foundation:
* Trishakti is implementing a strong ₹400 crore capital expenditure strategy for FY25-FY27, enhancing its contemporary fleet of hydraulic, crawler, and truck-mounted cranes to assist in India's most challenging infrastructure developments.
* More than Rs.50 crore has already been invested up to FY25, allowing Trishakti to reach full fleet utilization and secure notable contracts—including a significant equipment supply order from Reliance Industries for a major renewable energy project.
* The funds from this round will directly support fleet growth, technological improvements, working capital, and project implementation capabilities.
High-Profile Investor Participation:
The present funding round secured substantial new support from:
* Gautam Badalia, CEO of Route Mobile, joins as an investor, offering valuable strategic expertise.
* The company's initial significant Domestic Institutional Investor, signifying the arrival of institutional funding and boosting market confidence.
Sector View: Strong Expansion in India's Infrastructure Network:
* The infrastructure industry in India is witnessing remarkable growth, supported by historic government investments exceeding ₹11 lakh crore for the fiscal year 2025-26, along with significant increases in private sector spending.
* The extensive growth in transportation, energy, and city development is increasing the need for crane hiring and large-scale lifting services.
* The increase in large-scale projects and modernization efforts is transforming the national scene, offering substantial growth prospects for firms such as Trishakti Industries to expand and develop their fleet-based services.
Management Commentary
Mr. Dhruv Jhanwar, the Chief Executive Officer, remarked: "This capital infusion marks a significant step forward in Trishakti's development. Given our strong order backlog and increasing interest from major clients, we are expanding quickly to address the changing requirements of India's infrastructure industry."
Crucially, this fundraising involves substantial contributions from the promoter group—showcasing our belief—and involvement from prominent industry and institutional investors. We are confident that these resources will speed up our fleet growth, enhance operational efficiency, and bolster our balance sheet for continuous, long-term development.
About Trishakti Industries Limited
Trishakti Industries Limited, founded in 1985, stands as one of India's leading companies offering infrastructure solutions, focusing on the rental of heavy earthmoving equipment. Through its wide range of modern machinery, the firm assists major projects in vital industries like steel, cement, railroads, and construction, among others.
For almost four decades, Trishakti Industries has established a strong reputation by collaborating with top organizations such as Tata Steel, Larsen & Toubro, RVNL, ONGC, ITD Cementation, Jindal Group, Adani Group, KEC International, NCC Limited, and more. Through providing dependable, prompt, and effective equipment solutions, the company has been instrumental in supporting India's infrastructure growth.
Trishakti Industries is dedicated to achieving operational excellence, ensuring safety, and delivering customer satisfaction, establishing itself as a reliable collaborator for some of the country's most challenging and prominent projects. Ongoing investment in technology and innovation allows its clients to benefit from advanced and efficient equipment, solidifying Trishakti Industries' position as a leader in the industry.
Disclaimer
This document includes statements that look ahead and are not based on past events. These statements are influenced by various risks and uncertainties, such as government decisions, local changes, and technological challenges. The Company is not liable for any actions taken based on these statements and does not promise to update them publicly to reflect new events or situations.
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