Univastu India Limited Allots 17,43,399 Equity Shares Pursuant to Warrant Conversion; Capital Increases
Univastu India Limited has approved the allotment of 17,43,399 fully paid-up equity shares to eligible warrant holders. This decision was made following a Board meeting held on July 17, 2026, and completes the process initiated from the initial issuance of convertible warrants.The allotment concerns the conversion of warrants that were originally issued on January 17, 2025, at an issue price of ₹216 per warrant. Each warrant is convertible into one fully paidup equity share with a face value of ₹10, contingent upon the holder paying the balance of 75% of the issue price within the specified timeframe.
The allotment was carried out after adjustments resulting from a Bonus Issue approved by members on October 14, 2025, in a ratio of 2:1. This bonus entitlement led to 11,62,266 equity shares being reserved for warrant holders. The board approval included the distribution of these shares upon receipt of the balance exercise consideration.
Capital Structure and Forfeitures
The allotment results in an increase in the company’s paid-up capital. With existing paid-up capital standing at 3,59,86,770 equity shares, the post-allotment paid-up capital is calculated to be 3,77,30,169 equity shares.
The company noted that some warrants remained unexercised within the prescribed period. Specifically, two warrant holders, Mr. Manish Mehta and Mr. Vikram Kathuria, failed to convert their warrants into equity shares. The amount equivalent to 25% of the warrant issue price received from these individuals at the time of allotment will stand forfeited.
Similarly, for Flightech Solutions Private Limited and SSNK Consultancy Services Private Limited, who partially exercised their warrants, the remaining unexercised portion of their warrants stands forfeited.
Allotment Details
The allotted equity shares are in dematerialized form and rank equally with existing company equity shares. The allotment details show the conversion of 5,81,133 Equity Shares against the receipt of the balance amount, accompanied by 11,62,266 Bonus shares reserved for warrant holders, resulting in a total of 17,43,399 Equity Shares allotted.
The aggregate amount for this allotment, corresponding to 75% of the warrant issue price (at ₹162 per warrant), was Rs. 9,41,43,546. The investors involved in the preferential allotment include fourteen entities, as detailed below:
| Investor Name | Category | Warrants Applied | Total Equity Shares Allotted |
|---|---|---|---|
| Mr. Manish Grover | Non Promoter | 50,000 | 1,50,000 |
| Mr. Pankaj Passi | Non Promoter | 10,000 | 30,000 |
| Mr. Deepak Tayal | Non Promoter | 20,000 | 60,000 |
| Ms. Preeti Bhauka | Non Promoter | 20,000 | 60,000 |
| Sakshi Bhalla | Non Promoter | 10,000 | 30,000 |
| Ms. Ritu Bansal | Non Promoter | 10,000 | 30,000 |
| Ms. Rakesh Zambare | Non Promoter | 10,000 | 30,000 |
| SBJ Management Services Private Limited | Non Promoter | 140,000 | 4,20,000 |
| WCA Services Private Limited | Non Promoter | 138,000 | 4,14,000 |
| Flightech Solutions Private Limited | Non Promoter | 75,000 | 1,89,999 |
| Salhydrau Industries Pvt Ltd | Non Promoter | 20,000 | 60,000 |
| SSNK Consultancy Services Private Limited | Non Promoter | 50,000 | 29,400 |
| SRM Value Growth Investments Pvt. Ltd. | Non Promoter | 50,000 | 1,50,000 |
| 3 Dimension Capital Services Limited | Non Promoter | 30,000 | 90,000 |
The conversion exercise involved the allotment of 5,81,133 Equity Shares at an issue price of Rs. 216/- each (including a premium of Rs. 206/-), along with 11,62,266 Equity shares reserved as Bonus.
UNIVASTU Stock Price Movement
Univastu India Limited's shares slipped by 1.14% on Friday, settling at ₹116.23 after hitting its 52-week high earlier in the trading session. The stock closed amid significant interest, having traded 256,413 shares during the 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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