Uttam Sugar Mills Limited Completes Redemption of Preference Shares
Uttam Sugar Mills Limited has successfully redeemed a portion of its redeemable preference shares, following a decision made by its Preference Share Redemption Committee. The redemption was completed after a meeting held by the company's Board of Directors on July 1, 2026.The company conducted the redemption process covering two specific tranches of non-cumulative preference shares. As part of this financial event, Uttam Sugar Mills Limited settled the following:
- 43,600 Non-Cumulative Redeemable Preference Shares, each valued at Rs. 100, corresponding to a 6.500% rate.
- 9,000 Non-Cumulative Redeemable Preference Shares, also priced at Rs. 100 per share, which carried an associated premium of Rs. 100/- each, in line with the terms established for the issue.
This action represents a material update regarding the company's capital structure and obligations related to these specific preference shares as detailed by the management.
LTF Stock Price Movement
L&T Finance Limited finished the session today, edging higher to close at ₹321.25 after rallying 0.44%. The stock saw significant activity in post-market trading, with a total of 9.6 million 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.
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