Announced Fri, 10 Jul · 18:04 IST
Uttam Sugar Mills redeems 52,600 preference shares on July 10, 2026
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
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.3+2.0—+2.9+0.9-0.3+0.7+2.0+0.6+0.1————
Up moveDown movePending
AI summary
Uttam Sugar Mills has redeemed two sets of preference shares on July 10, 2026 following a meeting of its Preference Share Redemption Committee. The company redeemed 43,600 6.50 percent non-cumulative redeemable preference shares of Rs 100 each at par, and 9,000 10 percent non-cumulative redeemable preference shares of Rs 100 each with an additional Rs 100 premium per share.
Likely market impact
Reduces fixed dividend obligation on preference capital and simplifies capital structure, mildly positive for common shareholders.