Meeting Details

  • Date: Saturday, 18th July, 2026
  • Time: 11:00 A.M. (IST)
  • Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Location: Virtual meeting conducted in compliance with MCA and SEBI circulars
  • Type: Extraordinary General Meeting

Proposed Resolutions and Implications

Item No. 1: Preferential Warrant Issuance

The company proposes to issue up to 18,39,339 fully convertible warrants at INR 87 per warrant (face value INR 10 + premium INR 77) aggregating INR 16,00,22,493.

Key Terms:

  • 25% upfront payment (INR 21.75 per warrant) payable at allotment
  • 75% balance payment (INR 65.25 per warrant) payable upon conversion
  • 18-month conversion period from date of allotment
  • Each warrant convertible into 1 equity share of face value INR 10
  • Warrants and resultant shares to rank pari passu with existing shares

Allottee Details:

| Category | Name | Warrants | Amount (INR) | Potential Shares |

| Promoter & Promoter Group | Mr. Pradeep Khandagale | 8,99,669 | 7,82,71,203 | 8,99,669 |

| Promoter & Promoter Group | Mrs. Rajashri Khandagale | 8,99,670 | 7,82,71,290 | 8,99,670 |

| Non-Promoter | Mr. Narendra Bhagatkar | 10,000 | 8,70,000 | 10,000 |

| Non-Promoter | Major General (Dr) Vijay Pawar, AVSM VSM | 20,000 | 17,40,000 | 20,000 |

| Non-Promoter | Mr. Dhananjay Barve | 10,000 | 8,70,000 | 10,000 |

| Total | | 18,39,339 | 16,00,22,493 | 18,39,339 |

Pricing Basis:

  • Floor price determined as INR 87 per warrant
  • Relevant Date: Thursday, 18th June 2026 (30 days prior to EGM)
  • 90-day VWAP: INR 75.09
  • 10-day VWAP: INR 86.54
  • Valuation report by CA Anand Pravin Pande (IBBI/RV/07/2021/13890)

Utilization of Proceeds:

  • Entire INR 16 crore allocated for working capital requirements
  • Funds to be utilized within 1 year from receipt
  • No monitoring agency required as issue size below INR 100 crore

Voting Process and Methods

Remote E-Voting

  • Service Provider: Bigshare Services Pvt. Ltd through NSDL/CDSL
  • Voting Period: 15th July 2026 (9:00 AM) to 17th July 2026 (5:00 PM)
  • Cut-off Date: Friday, 10th July 2026 for shareholder eligibility
  • Methods:
  • Demat holders: Login through CDSL/NSDL platforms
  • Physical shareholders: Use Folio number on i-Vote platform

Meeting Voting

  • Ballot paper voting available for members attending VC/OAVM meeting
  • Members who voted remotely cannot vote again at meeting
  • Quorum: Members attending through VC/OAVM will be counted

Shareholder Participation

  • Register of Members closed from 12th to 18th July 2026
  • Corporate members must send certified board resolutions for authorized representatives
  • Members encouraged to submit questions in advance to cs@univastu.com
  • VC/OAVM facility open 15 minutes before and after scheduled meeting time

Compliance and Certifications

  • Certificate from CS Satish Kolhe (F-13606, CP 23879) confirms compliance with ICDR Regulations
  • Company confirms eligibility for preferential issue under SEBI ICDR Regulations
  • No promoters/directors declared willful defaulters or fugitive economic offenders
  • All allottees confirmed no share sales in 90 days preceding Relevant Date

Shareholding Pattern Impact

Pre-Issue:

  • Promoter & Promoter Group: 67.46% (2,42,75,436 shares)
  • Public Shareholding: 32.54% (1,17,11,334 shares)

Post-Issue (assuming full conversion):

  • Promoter & Promoter Group: 65.39% (2,60,74,775 shares)
  • Public Shareholding: 34.61% (1,38,00,334 shares)
  • Total Paid-up Capital: 3,98,75,109 shares

Lock-in Requirements

  • Pre-preferential shareholding of allottees subject to lock-in per ICDR Regulations
  • Warrants and resultant equity shares subject to lock-in requirements

Additional Information

  • International Securities Identification Number: INE562X01013
  • Registrar & Transfer Agent: Bigshare Services Pvt. Ltd
  • Documents available on company website: www.univastu.com
  • Physical copies available on request via email