Univastu India Limited: Corrigendum for EGM; Proposes Warrants Issue of ₹29.40 Crore
Univastu India Limited announced a corrigendum for its EGM on January 20, 2026. The company proposes to issue 35 Lakh convertible warrants to promoters for ₹29.40 Crore at ₹84 per warrant. Funds will be used for working capital, investments, and property acquisition. The relevant date for pricing was December 19, 2025.
The preferential issuance of warrants for a substantial amount can significantly impact the company's capital structure, future earnings per share, and operational capacity.
The company is raising significant capital through warrants, which is intended for business growth and expansion, indicating a positive outlook.
Univastu India Limited has issued a corrigendum for its Extra Ordinary General Meeting (EGM) scheduled for January 20, 2026. The EGM will be held via Video Conferencing at 11:00 AM IST.
This corrigendum amends details in the EGM notice dispatched on December 23, 2025. A significant agenda item concerns the proposed issuance of up to 35,00,000 Fully Convertible Warrants to 'Promoters and promoter group Category' at an issue price of ₹84 per warrant, aggregating up to ₹29,40,00,000 (₹29.40 Crore). The warrants are to be issued at face value of ₹10 with a premium of ₹74 per warrant.
Of the total amount, ₹21 per warrant (25% of the issue price) is to be paid upfront, with the remaining ₹63 per warrant (75% of the issue price) payable upon exercise of conversion rights within 18 months from the allotment date. The proposed allottees are Pradeep Khandagale, who will receive 34,00,000 warrants for ₹28,56,00,000, and Rajashri Khandagale, who will receive 1,00,000 warrants for ₹84,00,000.
The funds raised are intended for working capital needs, investments in subsidiaries, and property acquisition for office space and administrative use. The relevant date for determining the floor price of the warrants was set as December 19, 2025, with the floor price determined at ₹84 per warrant. The company has obtained necessary certifications and intends to complete the allotment within 15 days of the special resolution approval by members, subject to regulatory approvals.
What to do with a filing like this
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.