Sheetal Universal Limited Receives Rs 45 Lakhs for Second Tranche of Preferential Convertible Warrants
Sheetal Universal Limited announced that its Board of Directors approved the receipt of consideration for the second tranche of convertible warrants, following a meeting held on June 17, 2026.The company received cash consideration amounting to Rs 45,00,000/- against the allotment of 14,20,000 Convertible Warrants. This transaction falls under a preferential basis for the Non-Promoter Category.
Details regarding the issued warrants are as follows:
| Particular | Value |
|---|---|
| Total Warrants Allotted | 14,20,000 |
| Issue Price per Warrant | Rs 210.00/- |
| Premium per Warrant | Rs 200.00/- |
| Face Value per Warrant | Rs 10.00/- |
The consideration for the second tranche of these warrants was received from Mr Joshi Mayur Arvindbhai. The Board meeting considered and approved the receipt of the funds pertaining to this warrant allotment.
SHEETAL Stock Price Movement
Today, Sheetal Universal Limited stock closed at ₹292.00, managing a 0.65% gain in post-market trading after settling up by ₹1.90. Trading volume for the day reached 4,000 shares as the equity finished its session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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