<h1>Univastu India Limits Clarification on Warrants Issue Proceeds for Preferential Allotment</h1>
Univastu India Limited has issued a corrective disclosure pertaining to the Notice of the Extra-Ordinary General Meeting (EOGM) held on July 18, 2026. The update clarifies details regarding the utilization of issue proceeds generated from the issuance of warrants through a preferential allotment to proposed allottees.
The correction relates specifically to Item 1: Issuance of Warrants to the Proposed Allottees by way of preferential issue, as part of the agenda items presented in the EOGM notice. The company provided details on how the funds received from the conversion of these warrants will be utilized across various operational needs.
In light of the proposed warrant issuance, Univastu India Limited has set out the intended usage and financial commitment associated with the issue proceeds. As per the disclosure, the total estimated amount to be used for meeting working capital needs stands at Rs. 16,00,22,493.00.
The details of the utilization are provided below:
| Particulars | Total Estimated Amount (Rs.) | Tentative Timeline for Utilization |
|---|---|---|
| Meeting Working Capital Needs | 16,00,22,493.00 | Within 1 (One) year from the date of receipt of consideration |
The company also clarified a detail regarding the reporting standard in the original notice. The heading "Total estimated amount to be utilized for each of the Objects (Rs. In Crores)" must be read as "Total estimated amount to be utilized for each of the Objects (Rs.)".
This corrected disclosure should always be read along with the Original Notice dispatched to members on June 23, 2026, and the subsequent Corrigendum dated July 13, 2026.
UNIVASTU Stock Price Movement
Shares of Univastu India Limited are edging higher to ₹145.76 as of 2:35 PM today, trading up 5.00% in live market activity. The stock currently maintains momentum, supported by a volume of 128,271 shares traded so far.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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