Uma Exports to hold 38th AGM on Sep 26, 2026; to re-appoint directors & auditors, approve preferential issue
Uma Exports Limited will hold its 38th AGM on September 26, 2026, to approve FY26 financial statements, re-appoint directors and auditors. The company also proposes to increase authorized capital to ₹57 crore and issue 2.25 crore warrants on a preferential basis at ₹24.16 per share, raising ₹54.36 crore.
The preferential issue of warrants totaling ₹54.36 crore and the increase in authorized share capital are significant corporate actions that could impact the company's capital structure and future growth prospects. The re-appointments of key managerial personnel are also important for governance.
The announcement is a notice for an Annual General Meeting and details routine corporate actions like director re-appointments and financial statement approvals. While there is a preferential issue of warrants, it is a forward-looking proposal and does not immediately impact the company's financial performance.
Uma Exports Limited has announced its 38th Annual General Meeting (AGM) will be held on Saturday, September 26, 2026, at 11:30 a.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM).
The meeting will address several key business items, including the consideration and adoption of the Audited Standalone and Consolidated Annual Financial Statements for the financial year ended March 31, 2026. The shareholders will also vote on the re-appointment of Mr. Mrinmoy Kasyapi as a director and the re-appointment of M/s. Mamta Jain & Associates as Statutory Auditors for a period of five years.
Furthermore, the AGM will consider the re-appointment of Mr. Rakhesh Khemka as Managing Director for a period of five years, effective July 7, 2026, with a revised remuneration structure. The re-appointment of Mr. Manmohan Saraf as Executive Director & CFO for five years, effective August 18, 2026, will also be on the agenda, along with the re-appointment of Mr. Vivek Parasramka, Mrs. Suman Agarwal, and Mrs. Priti Saraf as Independent Directors for a second term of five years, commencing July 7, 2026.
In addition, the company plans to seek shareholder approval for increasing its authorized share capital from ₹40 crore to ₹57 crore. A significant item on the agenda is the approval for the issuance of up to 2,25,00,000 warrants, convertible into equity shares, to promoter group and public category investors on a preferential basis. The issue price per equity share is ₹24.16, aggregating to a total issue size of ₹54.36 crore. The warrants are to be allotted within 15 days of the resolution passing and are convertible within 18 months.
A plain-language summary of a public exchange filing by Uma Exports Limited. Read the original for the full detail.
