Announced Fri, 10 Jul · 18:05 IST
Uttam Sugar Mills redeems 52,600 preference shares
Corporate Actions View source PDF
UTTAMSUGAR · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹232.50
prior close
₹232.01
base price
After-mkt
timing
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+1.3+2.0—+2.9+0.9-0.3+0.7+2.0+0.6+0.1————
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AI summary
Uttam Sugar Mills has redeemed 52,600 non-cumulative redeemable preference shares worth about Rs 61.6 lakh. The company's Preference Share Redemption Committee approved this on 10 July 2026. This includes 43,600 shares at 6.50% and 9,000 shares at 10% of Rs 100 each, with the latter redeemed at a Rs 100 premium per share. The move reduces the company's preference share capital and its future dividend obligation to preference shareholders.
Likely market impact
Reduces preference capital and future dividend outflow. Routine restructuring, minimal impact for equity shareholders.