Valecha Engineering Limited
Valecha Engineering is engaged in Construction of high end infrastructural engineering projects such as irrigation dams, roads, bridges, highways, power projects, railways, tunnels, airports, reservoirs, etc. The Company has created some of the most prominent civil engineering infrastructure landmarks.
What Valecha files
- Others29
- Important22
- Board Meeting13
- Updates11
- Results7
- Dividend/Bonus2
Valecha Engineering will hold its 49th Annual General Meeting. Share transfer books will close from September 23-30. E-voting is scheduled from September 27-29 for shareholders.
Valecha Engineering is divesting its wholly-owned subsidiary, Valecha Infrastructure, for Rs 0.042 Cr. The subsidiary had zero revenue and a significant negative net worth of Rs 286.92 Cr, aiming to streamline operations.
Valecha Engineering has undergone a major ownership change. J K Solutions acquired 1.15 Cr (51%) and Aether Perspectives acquired 0.99 Cr (44%) equity shares, together representing a 95% stake. This follows an NCLT-approved resolution plan.
Valecha Engineering saw Aether Perspectives LLP acquire 44% (shares worth ₹9.91 Cr) and J K Solutions Private Limited acquire 51% (shares worth ₹11.49 Cr). These NCLT-approved allotments mean both entities join the promoter group, signaling a major ownership restructuring.
Valecha Engineering has incorporated UV Bharat Private Limited, a new subsidiary focused on infrastructure projects including EPC. VEL holds a 51% equity stake in the new entity, investing Rs 51,000. This strategic move aims to bolster its core business operations.