Umiya Tubes Ltd — Others, 30-07-2025: AGM/EGM

Umiya Tubes has called an Extra-ordinary General Meeting for a strategic business shift. The company proposes to diversify into manufacturing and trading tungsten-based products, transformers, and electrical equipment. To fund this, it seeks shareholder approval for a preferential issue of 2.95 million equity shares (worth Rs. 6.785 Cr) and 16.05 million convertible warrants (worth Rs. 36.915 Cr). These issues aim to raise approximately Rs. 43.70 Cr. This capital infusion will significantly dilute existing equity, with promoter shareholding potentially decreasing from ~28% to ~9.88% post-issue. An increase in authorized share capital and the confirmation of a new Non-Executive Director are also on the agenda.