Aditya Infotech shares touched a day’s high of ₹3,464 on Thursday, after its board approved a plan to raise up to ₹1,500 crore via equity.

The board’s decision, taken on Wednesday, gives the company room to raise money through a public issue, a qualified institutional placement (QIP), or a mix of both, spread across one or more tranches.

The exact route and pricing will depend on market conditions and other approvals still pending.

Before the plan can move ahead, shareholders need to sign off through a postal ballot, along with the usual regulatory clearances.

The board has also set up a committee of directors to oversee the process going forward. This fundraising plan comes right after a strong quarter for the company.

In Q1 FY27, consolidated net profit jumped over four times to ₹142.2 crore, up from ₹32.9 crore a year earlier, while consolidated revenue rose nearly 90% to ₹1,402.4 crore.

Gross margins widened to 30.8% from 22.7% over the same period, and the company’s debt to equity ratio dropped sharply to 0.07 from 0.44, leaving it with a much lighter debt load heading into this raise.

Aditya Infotech, which sells video security and surveillance products under the CP PLUS brand, has also lined up investor meetings in Mumbai from August 24 to 26 and in Singapore from September 1 to 3.

At 11:45 am, Aditya Infotech shares were trading at ₹3,429.50 on the NSE, up 3.81% for the day.

The stock is still down close to 4% over the past month, though it has more than doubled over the last six months.

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