United Polyfab Gujarat Limited — Others, 08-07-2025: Corrigendum

United Polyfab Gujarat Limited has announced a board meeting to approve the issuance of up to 2.30 crore convertible warrants to promoter category shareholders at Rs. 18.89 each, aggregating to ₹43.36 Cr. The funds raised will primarily support working capital needs (₹34.76 Cr) and general corporate purposes (₹8.60 Cr). Warrants are convertible into equity shares within 18 months and the issue price is based on a revised valuation by an independent valuer, ensuring alignment with market norms. This issuance represents 9% of the post-issue equity capital and aims to strengthen the company’s financial flexibility.