we wish to inform you that the Board of Directors of U. H. Zaveri Limited at its meeting held on today i.e. Saturday, April 05, 2025, at the Company's Registered Office has inter-alia considered ....
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The Board of Directors of U. H. Zaveri Ltd, at its meeting on April 5, 2025, approved a Rights Issue of fully paid-up equity shares with a face value of ₹10 each. The company proposes to issue up to 2,03,88,000 equity shares for an aggregate amount of up to ₹2038.80 lakhs (approximately ₹20.39 crores). The issue price has been fixed at ₹10 per share, which is at face value with no premium. The rights entitlement ratio is 2:1, meaning shareholders can subscribe to 2 new shares for every 1 share held on the record date, with the right to renounce. Assuming full subscription, the total equity shares will increase from about 1.02 crore to 3.06 crore shares, tripling the share count. The record date will be announced later, and the Draft Letter of Offer will be filed with BSE and SEBI.
Existing shareholders will need to invest additional capital to maintain their proportional ownership, as the issue is at face value with no premium. The share count will roughly triple, leading to significant dilution. Short-term stock price may face pressure ex-rights, but the company raises fresh capital of around ₹20.39 crores for general funding needs.