United Polyfab Gujarat Limited — Others, 23-06-2025: Shareholders meeting

United Polyfab Gujarat Limited has announced a board meeting to consider an increase in its authorised share capital from Rs. 25 Cr to Rs. 26 Cr by altering Clause V of its Memorandum of Association. The company is also proposing a preferential issue of up to 2.29 crore convertible warrants to its promoters at Rs. 18.25 per warrant, aggregating to Rs. 41.89 Cr, to raise funds for working capital and general corporate purposes. The warrants are convertible into equity shares within 18 months, with a 25% upfront payment and 75% on conversion. The issue will not change the company's management control. The preferential allotment is subject to shareholders’ approval in the upcoming Extraordinary General Meeting to be held via video conferencing.