Board approves preferential issue of 18.39 lakh warrants at INR 87 each

UNIVASTU · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Univastu India board approved a preferential issue of up to 18,39,339 fully convertible warrants at INR 87 per warrant (face value INR 10, premium INR 77). Total issue size is about INR 16 crore, to be allotted to 2 promoter group members (Khandagale family) and 3 non-promoter public category investors. Promoter holding will dip from 67.46% to 65.37% on full conversion. Warrants carry 18-month tenor with 25 percent payable upfront and balance on conversion. EGM scheduled for July 18, 2026.

Likely market impact

Capital infusion of around INR 16 crore via warrants subject to shareholder approval at EGM on July 18. Mild promoter dilution from 67.46% to 65.37%.