Univastu India Limited — Important, 19-12-2024: Updates

Univastu India Limited has made a significant correction to the Notice of Extra-Ordinary General Meeting, addressing suggestions from the stock exchange. This disclosure is intended to accompany the original notice sent to shareholders, ensuring all communication is accurate and transparent. The valuation report, used to ascertain the floor price for the preferential allotment of shares at ₹216 per share, remains unchanged despite adjustments to the rationale provided within the explanatory statement.

The proposed investors, listed as non-promoters, will retain this status post-allotment, indicating a well-planned approach to fundraising without altering ownership control. This proactive communication aims to keep shareholders informed and engaged, which could enhance investor sentiment and trust in management. Positive outlook as the company navigates these adjustments while maintaining compliance and transparency.