Announced Thu, 6 Nov, 2025 · 17:00 IST
Board approves preferential issue and convertible loan share issue
UEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The board approved raising authorised capital from Rs45 crore to Rs52 crore. It proposed 12.757 crore shares at Rs11 each to investors outside the promoter group, raising Rs140.327 crore. It also approved up to 24 crore shares at Rs1 each for SVA Family Welfare Trust against a convertible loan, after the preferential issue, to maintain minimum public shareholding. Shareholder approval is required.
Likely market impact
The preferential issue may add cash, but up to 36.757 crore new shares could dilute existing holders if completed.