Utssav CZ Gold Jewels Completes Allotment of 8,50,000 Equity Shares from Warrant Conversion
Utssav CZ Gold Jewels Limited finalized an equity allotment following a Board meeting held on August 7, 2026. The company approved the issuance of 8,50,000 equity shares to Mr. Pankajkumar Hastimal Jagawat subsequent to the conversion of Convertible Warrants held by him.The newly issued equity shares have a face value of Rs. 10 each and are fully paid up. This allotment represents the exercise of 8,50,000 convertible warrants that were previously granted under Regulation 28(1).
The transaction was completed upon the receipt of the remaining exercise price for the warrants. The amount received per warrant was Rs. 166.5, which accounts for 75% of the total warrant exercise price of Rs. 222. This payment aggregated to a total of Rs. 14,15,25,000/-.
The company confirmed that the equity shares allotted through this conversion rank pari passu with all existing equity shares regarding dividends and other matters.
Share Capital Update
The allotment led to an increase in the company's paid-up share capital. The previous structure stood as 24,14,80,000 (representing 24,14,8000 Equity shares of Rs. 10 each).After the successful conversion and allotment, the total paid-up share capital increased to Rs. 24,99,80,000 (equivalent to 2,49,98,000 Equity shares of Rs. 10 each).
The details of securities converted are summarized below:
| Allottee Name | Securities Converted | Shares Allotted | Current Allotment | Balance to be Converted |
|---|---|---|---|---|
| Mr. Pankajkumar Hastimal Jagawat | 8,50,000 | 8,50,000 | 8,50,000 | 0 |
UTSSAV Stock Price Movement
As of 2:23 PM, shares of Utssav CZ Gold Jewels Limited are ascending to ₹511, climbing 0.59% in live trading. The stock sees active interest so far today, trading at a volume of 8,400 shares.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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