United Polyfab Gujarat Limited — Board Meeting, 21-06-2025: Outcome of Board Meeting

United Polyfab Gujarat Limited has announced a board meeting to approve increasing its authorised capital from ₹25 Cr to ₹26 Cr, subject to shareholder approval. The company plans a preferential issue of up to 2.3 crore warrants to promoters at ₹18.25 each, raising about ₹41.9 Cr. Each warrant is convertible into one equity share within 18 months. An EGM is scheduled to seek shareholder approval for these proposals. Key promoters Gagan Nirmalkumar Mittal and Nirmalkumar Mangalchand Mittal will equally receive the warrants, increasing their stakes significantly upon full conversion.