Univastu India Approves Preferential Issue of Warrants Worth Up To INR 16 Crore
The Board of Directors of Univastu India Limited approved the creation and offer of warrants through a preferential issue on June 19, 2026. The move is set to raise up to INR 16,00,22,493/- by issuing a maximum of 18,39,339 warrants.The Board resolution approved the issuance of these fully convertible Warrants to persons belonging to the Promoter and Promoters Group Category and the Non-promoter Public Category. The Warrants are denominated at a face value of INR 10/- and were issued at an issue price of INR 87/- per warrant, representing a premium of INR 77/-.
The payment structure for the warrants specifies that an amount equivalent to 25% of the Per Share Warrant Price shall be payable to Univastu India Limited at the time of allotment. The remaining balance of 75% will be payable upon the exercise of the option attached to the relevant Warrants and the subsequent issuance of equity shares.
The Board also fixed Thursday, June 18, 2026, as the Relevant Date for determining the floor price for the preferential issue. Furthermore, the Board considered and approved the notice for an Extra-Ordinary General Meeting (EGM), scheduled to be held on Saturday, July 18, 2026, via Video Conference or Other Audio-Visual Means.
Subscription and Governance Details
The appointment of a Scrutinizer, Mr. Nishad Umranikar of MSN Associates, Practicing Company Secretary, was approved by the Board. Big Share Services Private Limited was appointed as the Registrar and Share Transfer Agent to facilitate remote e-voting for the upcoming EGM.Key timelines related to the investment opportunity are detailed below:
| Particulars | Date/Period |
|---|---|
| Cut-off date for E-voting | July 10, 2026 |
| E-voting period | From July 15, 2026 (9:00 a.m.) to July 17, 2026 (5:00 p.m.) |
Outcome of Subscription
The Preferential Issue saw participation from five investors. The subscription outcomes for the Promoters and Promoters Group and the Non-Promoter Public Category were recorded as follows:| Investor Category | Total Pre-Issue Shareholding (No.) | Total Pre-Issue Shareholding (%) | Total Post-Issue Shareholding (No.) | Total Post-Issue Shareholding (%) |
|---|---|---|---|---|
| A. Promoters and Promoters Group | 2,42,75,436 | 67.46% | 2,60,74,775 | 65.37% |
| B. Non-Promoter Public Category | 83,142 | 0.21% | 1,23,142 | 0.31% |
The individuals representing the Promoters and Promoters Group included Dr. Pradeep Khandagale and Mrs. Rajashri Khandagale, while Non-Promoter Public Category investors included Mr. Narender Bhagatkar, Major General (Dr.) Vijay Pawar, and Mr. Dhananjay Barve.
UNIVASTU Stock Price Movement
Today, Univastu India Limited saw its stock edge higher, settling at ₹89.12 after gaining 0.10%. The shares traded within an intraday range of ₹87.42 and a high of ₹91.70.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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