Uday Jewellery Allots 450,000 Equity Shares via Warrant Conversion

Uday Jewellery Industries allotted 450,000 equity shares at ₹154 per share upon conversion of warrants issued in November 2024.
The allotment includes 150,000 shares to promoter group and 300,000 shares to non-promoter investors, raising ₹5.20 crore.
Post-allotment, the company's paid-up equity capital increased to ₹34.05 crore consisting of 3.40 crore shares.
The warrants had an 18-month tenure with 25% paid upfront and 75% paid upon conversion, with unexercised warrants subject to forfeiture.