The Meeting of Board of Directors of the Company is scheduled to be held on April 05, 2025 to consider and approve Draft Letter of Offer for the Purpose of Right Issue along with other agenda items.
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U. H. Zaveri Ltd has informed BSE that its Board of Directors will meet on Saturday, April 05, 2025, at its registered office in Ahmedabad. The main agenda is to review and approve the Draft Letter of Offer for a proposed Rights Issue of fully paid-up equity shares, which was first approved in principle by the Board on March 19, 2025. The Board will also consider the audited financial results for the quarter and financial year ending March 31, 2025. The trading window for insiders remains closed until 48 hours after the conclusion of this Board meeting. No pricing details, issue size, or ratio have been disclosed yet — these are likely to come with the Draft Letter of Offer.
Shareholders should expect further details on the Rights Issue (size, price, ratio, record date) after the April 5 meeting. In the short term, dilution from the rights issue could weigh on the stock, but it also gives existing shareholders a chance to participate and maintain their stake.