Uttam Sugar Mills Redeems Preference Shares in Board Meeting Decision
Uttam Sugar Mills Limited has completed the redemption of certain categories of preference shares following a meeting of its Preference Share Redemption Committee and Board of Directors. The action was finalized on July 1, 2026.The company redeemed two distinct series of non-cumulative redeemable preference shares as per the terms governing each issue.
The details of the redeemed shares are presented below:
| Share Type | Quantity Redeemed | Face Value Per Share |
|---|---|---|
| Non-Cumulative Redeemable Preference Shares | 43,600 | Rs. 100/- (Face Value) |
| Non-Cumulative Redeemable Preference Shares | 9,000 | Rs. 100/-(Face Value) plus premium of Rs. 100/- |
The redemption was executed by the company's Board of Directors and falls under the purview of the company's financial restructuring activities.
UTTAMSUGAR Stock Price Movement
Uttam Sugar Mills Limited slipped by 0.46% on closed markets today, with shares settling at ₹232.45. The stock saw a total traded volume of 47,424 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.
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.