Chavda Infra, an integrated infrastructure and construction company, has received shareholders approval through a postal ballot for an issuance of 1:1 bonus.The approval underscores the company’s continued commitment to enhance shareholder value while reflecting confidence in its long-term growth strategy and strong business fundamentals.The Board of Directors also approved an increase in the company’s authorised share capital from ₹35 crore to ₹70 crore, subject to shareholders’ approval, to support the bonus issue and provide greater financial flexibility for future growth initiatives.The Board further decided to retain earnings to strengthen the company’s financial position, reinforcing its focus on supporting business expansion and creating sustainable long-term value for all stakeholders.Chavda Infra recently secured a Letter of Acceptance valued at ₹89 crore from ADI Shantigram Abode LLP for the construction of the core and shell of a proposed residential high rise building at Adani Shantigram Township, Ahmedabad. The project is scheduled for completion over the next 24 months.Published on August 7, 2026