Outcome of the Meeting of the Board of Directors of Unison Metals Limited pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 - Allotment of Equity Shares
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Unison Metals Ltd has completed the allotment of 1,36,01,287 Rights Equity Shares at ₹25 per share (face value ₹10, premium ₹15), raising about ₹34 crore in total. This concludes the Rights Issue for which the Letter of Offer was issued on April 24, 2025. The allotment was finalized based on the basis of allotment confirmed with BSE and the Registrar to the Issue. The Board has also decided to voluntarily appoint a SEBI-registered Credit Rating Agency as a Monitoring Agency to oversee the use of funds raised.
The company's share base has expanded by approximately 1.36 crore shares, which will lead to dilution for existing shareholders. The capital raised should strengthen the company's balance sheet, and the appointment of a monitoring agency adds a layer of transparency on how the funds are utilised.