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Umiya Tubes Limited has announced a board meeting on which it approved the financial results for the quarter and half-year. The company reported a loss of Rs. 19.03 lakh for the quarter, an improvement from the previous period's loss of Rs. 156.61 lakh, with total income at Rs. 0 and other income at Rs. 0 for the quarter. The board approved increasing the authorized share capital to Rs. 30 Cr, and multiple preferential issues including 29.5 lakh equity shares and 1.6 crore convertible warrants. It also approved revising its main object clause to expand into manufacturing, research, and marketing of tungsten-based products, transformers, electrical instruments, and related activities. This sets the stage for operational diversification and capital infusion.