Uma Exports Approves Issue of Warrants Worth ₹543.60 Million

Nikunj Parikh - Mumbai Bureau Aug 20, 2026 1,200 Views

Uma Exports Limited's Board of Directors approved issuing 2.25 crore convertible warrants at ₹24.16 per unit, raising ₹54.36 crore via preferential allotment. The board also proposed expanding authorized share capital to ₹57 crore. The fundraising and capital changes remain subject to shareholder approval at the upcoming Annual General Meeting.

MUMBAI — The Board of Directors of Uma Exports Limited approved the issuance of 2,25,00,000 warrants worth ₹54.36 crore (₹543.60 million) on a preferential basis during its meeting on Thursday, August 20, 2026. The capital raise aims to strengthen the company’s capital structure and fund operational growth, subject to shareholder consent at its upcoming 38th Annual General Meeting (AGM) scheduled for September 18, 2026.

Details of the Preferential Warrant Allotment

The board approved issuing 2.25 crore warrants carrying the right to subscribe to one equity share per warrant at an exercise price of ₹24.16 per share. The aggregate transaction is valued at ₹54,36,00,000.

According to regulatory guidelines issued by the Securities and Exchange Board of India (SEBI), allottees will pay an initial 25% of the total warrant price upon allotment. The remaining 75% balance will be payable when investors exercise their right to convert the warrants into equity shares. The conversion right can be exercised in one or more tranches within an 18-month tenure from the date of warrant allotment.

Promoter group investors, including Sweta Khemka and Uma Agro Exports Private Limited, have been offered 25,00,000 warrants each. Upon full conversion, Sweta Khemka’s total equity shareholding is projected to increase to 10.54%, while Uma Agro Exports Private Limited will hold 5.54%. The remaining warrants are allocated to non-promoter public category investors, including individual market participants and Hindu Undivided Families (HUFs).

Share Capital Expansion and Regulatory Filings

Alongside the preferential allotment, the board approved an expansion of the company’s authorized share capital. The limit will increase from ₹40,00,00,000 (divided into 4.00 crore equity shares of ₹10 face value) to ₹57,00,00,000 (divided into 5.70 crore equity shares of ₹10 face value). This structural alteration to the Memorandum of Association remains subject to shareholder approval at the AGM.

The transaction pricing of ₹24.16 per warrant was determined in accordance with Regulation 161(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The price was calculated based on an independent valuation report dated August 20, 2026, submitted by IBBI registered valuer Murli Chandak.

The board meeting commenced at 6:30 PM IST and concluded at 7:00 PM IST on August 20, 2026. Regulatory disclosures were formally submitted to both the National Stock Exchange of India Limited (NSE) and BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements.

Official Sources Section

The information in this report aligns with official regulatory filings submitted by Sriti Singh Roy, Company Secretary and Compliance Officer of Uma Exports Limited, to the listing departments of the National Stock Exchange of India Limited and BSE Limited on August 20, 2026.

Quote Section

According to official filings submitted by the company secretary to stock exchanges, the preferential issue of warrants has been considered and approved pursuant to the provisions of Regulation 30 of the SEBI Listing Regulations and Chapter V of the SEBI ICDR Regulations, 2018, subject to necessary shareholder approvals.

Why It Matters

The injection of ₹54.36 crore provides capital equity flexibility over the next 18 months, enabling Uma Exports Limited to expand trading operations and manage working capital demands. Furthermore, increasing the authorized share capital to ₹57 crore creates structural room for prospective equity expansion as new warrants are exercised into equity shares over time.

Key Facts at a Glance

Issue Value: ₹54.36 crore (₹543.60 million) total issue via preferential warrant allotment.
Volume & Pricing: 2,25,00,000 warrants issued at an exercise price of ₹24.16 per unit.
Payment Schedule: 25% payable on or before allotment; balance 75% due upon conversion within 18 months.
Capital Limit: Authorized share capital expanded from ₹40 crore to ₹57 crore.
AGM Date: Shareholder voting to take place at the 38th AGM on September 18, 2026.

FAQ Section

1. What security is Uma Exports issuing? Uma Exports Limited is issuing 2.25 crore convertible warrants on a preferential basis, each convertible into one equity share.

2. What is the exercise price of the warrants? The pricing is fixed at ₹24.16 per share/warrant, based on a valuation report by an IBBI-registered valuer.

3. When is the conversion tenure for the warrants? Warrant holders can exercise their subscription rights in one or more tranches up to 18 months from the date of allotment.

4. When will shareholders vote on this capital expansion proposal? Shareholders will vote during the company’s 38th Annual General Meeting on September 18, 2026.

5. How will the warrant payments be structured? Allottees must pay 25% upfront on or before allotment, with the remaining 75% due upon conversion into equity shares.