Intimation of Allotment of 97,81,025 equity shares pursuant to Scheme of Arrangement.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Uday Jewellery Industries has allotted 97,81,025 fully-paid-up equity shares of Rs 10 each to eligible shareholders of Narbada Gems and Jewellery Limited as per the Scheme of Amalgamation between the two companies. The record date for determining eligible shareholders was February 27, 2026, and the new shares will rank equally with existing shares. Additionally, 3,418 shares arising from fractional entitlements have been allotted to a trustee (Mr. Siddharth Goel, Independent Director) for sale and distribution of net proceeds within 90 days. The company will now apply to BSE for listing and trading permission for the newly issued shares, which will remain frozen until approval is granted.
This is a share-dilution event for existing Uday Jewellery shareholders but reflects the completion of the amalgamation, expanding the company's shareholder base. Once listed, the new shares will add to the float and could exert mild short-term price pressure; long-term impact depends on the value Narbada Gems brings to the combined entity.