Univastu EOGM approves preferential issue of 18.39 lakh warrants at INR 87
UNIVASTU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shareholders approved issuance of 18,39,339 fully convertible warrants at INR 87 per warrant (face value INR 10, premium INR 77), totaling up to INR 16.00 crore. Allottees include promoters Dr. Pradeep Khandagale and Mrs. Rajashri Khandagale (INR 15.65 crore combined) and three non-promoter investors contributing INR 34.80 lakh. Warrants carry 18-month tenor, with 25% payable at allotment and 75% at conversion. Post conversion, promoter holding will dilute from 67.46% to about 65.39% on expanded capital base.
Brings in about INR 16 crore but dilutes existing shareholders. Large promoter participation signals confidence; warrants not yet converted so dilution is deferred.