Board Meeting outcome for meeting held on 25-09-2025
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The Board of Uday Jewellery Industries approved the allotment of 9,00,000 equity shares (face value Rs. 10 each) at an issue price of Rs. 154 per share to Sanghi Jewellers Private Limited, a Promoter Group company, upon conversion of warrants that were originally issued on 02.11.2024 under a preferential issue. The total consideration for this allotment is approximately Rs. 10.39 crore. Following this conversion, the company's paid-up equity share capital increases to Rs. 23.82 crore comprising 2,38,21,900 equity shares.
This is a promoter-led capital infusion via warrant conversion, increasing equity base by about 3.9%. It strengthens the promoter's stake and brings in additional capital of around Rs. 10.4 crore into the company, which may support business growth.