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Awaiting price reaction for this filing.
The board of U. H. Zaveri Limited met on 4th September 2025 and approved several key items. The 8th Annual General Meeting (AGM) has been scheduled for 27th September 2025 at 11:00 AM via video conferencing, with the register of members closed from 21st to 27th September 2025 and e-voting open from 24th to 26th September 2025. Mr. Hitesh Mahendrakumar Shah (DIN: 07907609) has been re-appointed as Managing Director for a further 5 years effective 28th December 2025. M/s. Shah Karia & Associates has been appointed as Statutory Auditor and Neelam Somani & Associates as Secretarial Auditor, both for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. Most notably, the board approved increasing the Authorised Share Capital from Rs. 10.25 crore to Rs. 30.75 crore, creating an additional 2.05 crore equity shares of Rs. 10 each, also subject to shareholder approval at the AGM.
The 3x jump in authorised share capital is the most significant item — it does not issue shares immediately but gives the board flexibility to raise fresh funds or allot shares later, which could lead to equity dilution for existing shareholders. The MD re-appointment and new auditors are routine governance steps, with no immediate pricing impact expected.