Please find attached Disclosure as Per Reg.30 of SEBI (LODR) Reg.2015 for Allotment of Equity Shares pursuant to warrants conversion.
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Uday Jewellery Industries Ltd has allotted 4,50,000 equity shares of Rs. 10 each at Rs. 154 per share (including Rs. 144 premium) upon conversion of warrants originally allotted on 02.11.2024. The conversion aggregates INR 5,19,75,000. Six investors participated — two from the Promoter Group (Sakshi Sanghi and Mahima Sanghi receiving 75,000 shares each) and four from the Non-Promoter/Public group (Mehak Agarwal, Aishwarya Agarwal, Neeraj Kumar Gupta, and Anuradha Gupta). The warrants had an 18-month tenure; 25% was paid at allotment and the remaining 75% is now paid on conversion. Post-allotment, the company's paid-up equity capital stands at Rs. 34,05,29,250 comprising 3,40,52,925 shares.
The conversion of warrants with a 25% promoter group participation increases the total share count by ~1.3%. The issue price of Rs. 154 significantly exceeds the face value of Rs. 10, reflecting investor conviction. The dilution is modest and the new shares rank pari-passu with existing shares.