Univastu India Approves Warrants Worth ₹294 Crore & ₹200 Crore Borrowing Limit Hike
Univastu India Limited's EGM on January 20, 2026, approved issuing 35 lakh warrants to promoters Pradeep and Rajashri Khandagale for ₹294 crore. The company also approved a ₹200 crore increase in its borrowing limit, taking the total to ₹300 crore. The warrants are convertible into equity shares within 18 months.
The substantial fundraising through warrants and the significant increase in borrowing limits can have a material impact on the company's capital structure, financial operations, and future growth initiatives.
The company successfully secured significant funding through a preferential issue of warrants to promoters and increased its borrowing capacity, which are positive developments for its financial flexibility and growth prospects.
Univastu India Limited announced the outcome of its Extra Ordinary General Meeting (EGM) held on Tuesday, 20th January, 2026. The meeting, which commenced at 11:00 A.M. IST and concluded at 11:30 A.M. IST, saw shareholders approve two key resolutions previously sanctioned by the Board of Directors on 19th December, 2025.
The first resolution approved the issuance of 35,00,000 Fully Convertible Warrants to promoters Mr. Pradeep Khandagale and Mrs. Rajashri Khandagale. These warrants, with a face value of ₹10 each, were issued at a price of ₹84 per warrant, including a premium of ₹74. This preferential issue is expected to raise an aggregate amount of up to ₹29,40,00,000 (₹294 crore).
The second resolution approved an increase in the company's borrowing limit by an additional ₹200 crore, over and above the existing ₹100 crore limit. This brings the total borrowing limit to ₹300 crore, as per the provisions of Section 180(1)(c) of the Companies Act, 2013.
Details of the warrant issuance, including the post-allotment shareholding of the promoters, have been disclosed in adherence to SEBI regulations. The warrants have a tenor of 18 months from their allotment date and are convertible into equity shares.
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Univastu India Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Univastu India Limited. Read the original for the full detail.