The Meeting of Board of Directors of the Company was held today i.e. April 05, 2025, has considered and approved Draft Letter of Offer for Right Issue that will be submitted to BSE Limited ....
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The board of U. H. Zaveri Ltd, at its meeting on April 5, 2025, approved the Draft Letter of Offer for a proposed Rights Issue of fully paid-up equity shares of face value ₹10 each. The company plans to issue up to 20,388,000 equity shares at ₹10 per share, aggregating up to ₹2,038.80 lakhs (approx. ₹20.39 crore), assuming full subscription. The rights entitlement ratio is 2 shares for every 1 share held by eligible shareholders on the record date (to be announced later). If fully subscribed, the company's outstanding equity shares will triple from 1,01,94,000 to 3,05,82,000. The full payment is due on application itself, and shareholders will have the right to renounce their entitlement.
Existing shareholders will face potential dilution of up to 200% if they do not subscribe to the rights entitlement. Participation is necessary to maintain their proportional ownership. Since the issue is priced at face value (₹10), the actual discount/premium will depend on prevailing market price, which is not disclosed in the filing.