The Board in its meeting held today approved the Letter of Offer for issue of Right equity shares as attached.
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The Board of U. H. Zaveri Limited approved the Letter of Offer for a Rights Issue of up to 2,03,88,000 fully paid-up equity shares of face value ₹10 each. The issue price is set at ₹10 per share (1x face value, i.e., at par), aggregating up to ₹2,038.80 lakhs (~₹20.39 crores) assuming full subscription. Eligible equity shareholders will get 2 Rights Equity Shares for every 1 share held on the record date of October 3, 2025. The issue opens on September 30, 2025 (as per the programme note) and closes on November 10, 2025. Promoters Hitesh M. Shah, Mahendrakumar H. Shah, and Sunitaben H. Shah will need to contribute to maintain their stake. The Ahmedabad-based company operates in the gems and jewellery trade; KFin Technologies is the registrar to the issue.
Existing shareholders will need to invest additional capital (at par, no premium benefit) to maintain their proportional ownership, with the stock likely to adjust on the ex-rights date. Given the issue size (~₹20 crores) is moderate relative to many small-cap raises, shareholders should weigh the company's stated use of funds and their own capacity to subscribe before the November 10, 2025 deadline.