Uday Jewellery Industries Ltd Board to Consider Allotment of 4,50,000 Equity Shares
Uday Jewellery Industries Ltd has scheduled a meeting of its Board of Directors for Friday, May 1, 2026. The meeting agenda includes key considerations regarding the allotment of equity shares to both the promoter group and the public group, stemming from the conversion of warrants.Among the central points of discussion is the proposed allotment of 4,50,000 equity shares in total. These shares are slated to be allotted in lieu of warrants issued under a Preferential Issue that were originally allotted on November 2, 2024.
The Board is expected to take votes on two distinct allotments:
| Allotment Group | Number of Equity Shares | Basis |
|---|---|---|
| Promoter/Promoter group | 1,50,000 | Conversion of warrants |
| Non-Promoter/ Public group | 3,00,000 | Conversion of warrants |
Beyond the share allotment, the Board meeting is also scheduled to address the approval of minutes from previous meetings. The agenda items also include considering and taking note of the action taken report from the last Board Meeting, and accepting the minutes of the Audit Committee meeting held earlier the same day.
The company also reserved time for any other matter, provided the Chair's permission and in accordance with Secretarial Standard-1.
Stock Price Movement
As of 15:29, Uday Jewellery Industries Ltd shares are currently ticking down, trading at ₹154.00, reflecting a 1.75% dip for the day. The stock has moved through a wide intraday range, swinging from a high of ₹160.95 down toward the low of ₹148.70.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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