Univastu India Limited Allots 18.39 Lakh Convertible Warrants for ₹16 Crore
Univastu India Limited approved the allotment of 18,39,339 Fully Convertible Warrants at ₹87 per warrant. The total issue price amounts to ₹16 crore. The company has received ₹4 crore as 25% subscription amount. Warrants are convertible into equity shares within 18 months.
The preferential allotment of convertible warrants is a significant corporate action that will impact the company's capital structure and potentially its earnings per share upon conversion. The amount raised is substantial relative to typical market capitalizations.
The company is raising capital through the preferential allotment of convertible warrants, which indicates a positive step towards funding its growth or operations.
Univastu India Limited announced the allotment of 18,39,339 Fully Convertible Warrants on a preferential basis to specified investors. This decision was approved by the Board of Directors in their meeting held on August 29, 2026, following prior approvals from the Board on June 19, 2026, and members in an Extra Ordinary General Meeting on July 18, 2026. The company has received an aggregate amount of ₹4,00,05,623.25, representing 25% of the issue price per warrant, at a rate of ₹87 per warrant. The total issue price for these warrants is ₹16,00,22,493. Each warrant is convertible into one fully paid-up equity share of face value ₹10, subject to the payment of the remaining 75% consideration. The tenure for the conversion of these warrants is 18 months from the date of allotment.
The allotment includes 5 investors, comprising promoter and promoter group categories (Dr. Pradeep Khandagale and Mrs. Rajashri Khandagale) and non-promoter categories (Mr. Narendra Bhagatkar, Major General (Retd)(Dr.) Vijay Pawar, and Mr. Dhananjay Barve). The board meeting commenced at 11:30 AM and concluded at 12:30 PM on August 29, 2026.
A plain-language summary of a public exchange filing by Univastu India Limited. Read the original for the full detail.