Board approves INR 28.7 crore promoter warrants, raises borrowing limit to INR 300 crore
UNIVASTU · price
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.2 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Univastu India board approved issuing up to 35 lakh fully convertible warrants at INR 82 each to promoters Pradeep and Rajashri Khandagale, raising up to INR 28.7 crore. Promoter holding will rise from 67.45 percent to 70.34 percent on full conversion. EGM is scheduled for January 20, 2026. Board also raised the borrowing limit by INR 200 crore to INR 300 crore, pending shareholder approval.
Promoter-backed capital infusion signals insider confidence but will lift their stake to 70 percent. Higher debt ceiling adds growth flexibility with leverage risk.