Uday Jewellery Industries Ltd. Announces Board Meeting Outcomes, Including Share Capital Increase and Equity Share Allotment

The Board of Directors of Uday Jewellery Industries Ltd. held a meeting on 05.03.2026, where several key matters were discussed and approved. The Board approved the minutes of the previous meeting, took note of the action taken report, and acknowledged the minutes of the Audit Committee Meeting. The Board also noted the increase in the authorized share capital of the transferee company to Rs. 47,50,00,000/- divided into 4,75,00,000 Equity Shares of Rs. 10/- each. Additionally, the Board approved the allotment of 97,81,025 Equity Shares to eligible equity shareholders of the Transferor Company and 3,418 Equity Shares to Mr. Siddharth Goel, the Independent Director. The company will proceed with the sale of these shares within 90 days. The Board also approved the opening and maintenance of a Demat Suspense Account for unclaimed shares and adopted amendments to the Related Party Transaction Policy and the Code of Conduct as per SEBI regulations.