Uttam Sugar Mills Limited has informed the Exchange regarding 'Redemption' of Preference shares.
UTTAMSUGAR · price
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Uttam Sugar Mills has redeemed two classes of Non-Cumulative Redeemable Preference Shares, as approved by its Preference Share Redemption Committee on 31st March 2026. The first class comprises 60,000 shares carrying a 6.30% coupon, redeemable at Rs. 100 each (total Rs. 60 lakh). The second class includes 8,25,000 shares carrying a 10% coupon, redeemed at Rs. 100 face value plus a Rs. 100 premium per share, taking the total payout for this tranche to roughly Rs. 16.5 crore. Overall, the company has deployed close to Rs. 16.56 crore towards settling these preference share obligations on schedule, as per their original terms of issue.
This is a routine, pre-scheduled redemption of preference share capital and is generally neutral for ordinary equity shareholders. It reduces the company's preference share liabilities, but the cash outflow is relatively small and unlikely to materially affect the stock price or equity returns.