Umiya Tubes Ltd — Others, 15-07-2025: AGM/EGM

Umiya Tubes will hold an Extraordinary General Meeting to approve a significant pivot towards manufacturing and trading tungsten-based products for diverse sectors like automotive and aerospace. To finance this expansion, the company proposes to reconfirm the issuance of 2.95 million equity shares and 5.50 million convertible warrants at Rs. 23 per share/warrant. Additionally, it plans a fresh issue of 10.55 million convertible warrants at the same price. This collective fundraising effort, including prior applications, aims to inject approximately Rs. 43.70 Cr into the new business line for working capital and capital expenditure. Shareholders will also vote on increasing the authorized share capital from Rs. 20 Cr to Rs. 30 Cr.