Univastu India Limited Allots 18,19,800 Equity Shares Following Warrant Conversion
Univastu India Limited has approved the allotment of 18,19,800 fully paid-up equity shares of face value Rs. 10 each to eligible warrant holders. The decision follows a board meeting held on July 17, 2026, where the company finalized the conversion of convertible warrants issued on a preferential basis.The allotment pertains to 6,83,000 convertible warrants originally issued on January 17, 2025, at an issue price of Rs. 216 per warrant. Each warrant was convertible into one fully paid-up equity share upon the payment of the remaining 75% of the issue price within a specified period.
The company previously underwent a bonus issue in a ratio of 2:1 on October 14, 2025. Consequently, the entitlements associated with the outstanding warrants were adjusted to align with applicable regulations.
Following this latest allotment, the issued, subscribed, and paid-up equity share capital of Univastu India Limited will increase from 3,59,86,770 shares to 3,78,06,570 shares. The allotted shares will rank pari-passu with existing equity shares in all respects and will be issued in dematerialized form.
In a notable procedural decision, the Board opted not to forfeit the initial 25% consideration received from warrant holders who did not complete the payment of the balance 75% consideration. Instead, the company approved the allotment of equity shares proportionate to the amount of consideration actually received from those specific warrant holders.
The financial details regarding the conversion and the list of investors are summarized below:
| Investor Name | Category | Warrants Applied | 25% Paid (Rs.) | 75% Balance/Partial (Rs.) | Bonus Shares Reserved | Actual Allotment (July 17, 2026) |
|---|---|---|---|---|---|---|
| Mr. Manish Grover | Non-Promoter | 50,000 | 27,00,000.00 | 81,00,000.00 | 1,50,000 | 1,50,000 |
| Mr. Pankaj Passi | Non-Promoter | 10,000 | 5,40,000.00 | 16,20,000.00 | 30,000 | 30,000 |
| Mr. Deepak Tayal | Non-Promoter | 20,000 | 10,80,000.00 | 32,40,000.00 | 60,000 | 60,000 |
| Ms. Preeti Bhauka | Non-Promoter | 20,000 | 10,80,000.00 | 32,40,000.00 | 60,000 | 60,000 |
| Sakshi Bhalla | Non-Promoter | 10,000 | 5,40,000.00 | 16,20,000.00 | 30,000 | 30,000 |
| Ms. Ritu Bansal | Non-Promoter | 10,000 | 5,40,000.00 | 16,20,000.00 | 30,000 | 30,000 |
| Ms. Rakesh Zambare | Non-Promoter | 10,000 | 5,40,000.00 | 16,20,000.00 | 30,000 | 30,000 |
| SBJ Management Services Private Limited | Non-Promoter | 1,40,000 | 75,60,000.00 | 2,26,80,000.00 | 4,20,000 | 4,20,000 |
| WCA Services Private Limited | Non-Promoter | 1,38,000 | 74,52,000.00 | 2,23,56,000.00 | 4,14,000 | 4,14,000 |
| Flightech Solutions Private Limited | Non-Promoter | 75,000 | 40,50,000.00 | 1,02,60,000.00 | 2,25,000 | 1,98,750 |
| Salhydrau Industries Pvt Ltd | Non-Promoter | 20,000 | 10,80,000.00 | 32,40,000.00 | 60,000 | 60,000 |
| SSNK Consultancy Services Private Limited | Non-Promoter | 50,000 | 27,00,000.00 | 15,87,600.00 | 1,50,000 | 59,550 |
| SRM Value Growth Investments Pvt. Ltd. | Non-Promoter | 50,000 | 27,00,000.00 | 81,00,000.00 | 1,50,000 | 1,50,000 |
| 3 Dimension Capital Services Limited | Non-Promoter | 30,000 | 16,20,000.00 | 48,60,000.00 | 90,000 | 90,000 |
| Mr. Manish Mehta | Non-Promoter | 25,000 | 1,35,000.00 | Nil | 75,000 | 18,750 |
| Vikram Kathuria | Non-Promoter | 25,000 | 1,35,000.00 | Nil | 75,000 | 18,750 |
| Total | 6,83,000 | 3,68,82,000.00 | 9,41,43,600.00 | 20,49,000 | 18,19,800 |
The issuance of 18,19,800 equity shares was executed at an issue price of Rs. 216 each, which includes a premium of Rs. 206 per share. The total consideration for the conversion of warrants amounts to Rs. 9,41,43,600.00, calculated based on the balance amount of Rs. 162 per warrant (representing 75% of the issue price).
A total of 16 investors participated in this preferential allotment. The conversion process involved and resulted in the issuance of equity shares for an equal number of warrants held by these participants.
UNIVASTU Stock Price Movement
Univastu India Limited shares slipped by 1.14% to settle at ₹114.00 on Friday. The stock reached its 52-week high of ₹117.25 during the session, with 256,413 shares changing hands.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: