Utssav CZ Gold Jewels Limited — Board Meeting, 26-06-2025: Outcome of Board Meeting

Utssav CZ Gold Jewels has announced a board meeting that approved a preferential allotment of 11.8 lakh convertible warrants at Rs. 222 each, convertible into equity shares within 18 months. The warrants were fully subscribed by promoters Pankajkumar Hastimal Jagawat (8.5 lakh) and Paresh Trikamlal Shah (3.3 lakh). A 25% payment has been received upfront. This move is expected to strengthen the company’s equity base and support upcoming growth initiatives.