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Enviro Infra Engineers to redirect IPO proceeds for sewage treatment plant construction
21-Aug-2026, 05:40
Enviro Infra Engineers Limited informed the National Stock Exchange of India Limited and BSE Limited that its board of directors approved a proposed change in the utilization of initial public offering proceeds, subject to shareholder approval. The changes include reallocating Rs 4,445.57 lakh for infusion into Varanasi DDU Nagar STP Private Limited and Varanasi Lohta STP Private Limited to build sewage treatment plants, and adjusting the amount allocated for inorganic growth through acquisitions and general corporate purposes, with the latter not exceeding Rs 14,308.00 lakh.
Enviro Infra Engineers Limited informed the National Stock Exchange of India Limited and BSE Limited that its board of directors approved a proposed change in the utilization of initial public offering proceeds, subject to shareholder approval. The changes include reallocating Rs 4,445.57 lakh for infusion into Varanasi DDU Nagar STP Private Limited and Varanasi Lohta STP Private Limited to build sewage treatment plants, and adjusting the amount allocated for inorganic growth through acquisitions and general corporate purposes, with the latter not exceeding Rs 14,308.00 lakh.