StockWatch
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Heavy Electrical Equipment
Board Meeting6 Nov 2026, 07:41 pm

United Van Der Horst Board Approves Un-audited Results, Capital Increase

AI Summary

United Van Der Horst Ltd announced the outcome of its Board Meeting held on November 6, 2026. The board approved the un-audited financial results (standalone and consolidated) for the quarter and half-year ended September 30, 2026, along with the limited review report. Additionally, the company proposed to increase its authorized share capital from ₹7 Crores to ₹8 Crores, subject to shareholder approval via postal ballot. The board also approved raising funds by issuing up to 62,50,000 equity shares on a preferential basis to identified promoters and non-promoters, pending shareholder and regulatory approvals.

Key Highlights

  • Board approved Q2 FY27 un-audited financial results.
  • Proposed increase in authorized share capital from ₹7 Cr to ₹8 Cr.
  • Approved preferential issue of up to 62.5 Lakh equity shares.
  • Fundraising via preferential allotment to promoters and non-promoters.