Univastu India Limited has informed the Exchange with copy of minutes of Annual General Meeting held on September 27, 2025
UNIVASTU · price
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Univastu India held its 16th AGM on September 27, 2025, where shareholders approved several key proposals. The most significant is a bonus share issue in a 2:1 ratio (2 new equity shares for every 1 held), involving approximately 2.53 crore bonus shares, to be credited by October 28, 2025. Shareholders also approved an increase in authorised share capital from Rs. 20 crore to Rs. 50 crore (divided into 5 crore equity shares of Rs. 10 each). M/s D R B S V and Associates was appointed as the new Statutory Auditor for 5 years (till 2030 AGM), replacing P.V. Page & Co. whose 10-year tenure ended. M/s MSN Associates was appointed as Secretarial Auditor for FY2025-26 to FY2029-30. Additionally, Mr. Narendra Bhagatkar was re-appointed as Whole Time Director for 5 years, and Mr. Rajiv Kapoor was appointed as a new Independent Director effective July 9, 2025.
The 2:1 bonus issue is a major positive for existing shareholders, effectively tripling their share count and improving liquidity, though the stock price will adjust downward proportionally on the ex-bonus date. The expanded authorised capital signals room for future fundraising or acquisitions. The leadership and auditor changes are routine but indicate continuity and governance refresh.