StockWatch
·
Heavy Electrical Equipment
Board Meeting6 Nov 2026, 07:51 pm

United Van Der Horst Ltd to raise funds via preferential issue

AI Summary

United Van Der Horst Ltd announced its Board Meeting outcome, wherein they approved the Un-audited Financial Results for the quarter and half year ended September 30, 2026. The company also proposed to increase its authorized share capital from Rs. 7 Crores to Rs. 8 Crores, subject to shareholder approval. Additionally, the Board approved raising funds by issuing up to 62,50,000 equity shares on a preferential basis to identified promoters and non-promoters, subject to necessary approvals.

Key Highlights

  • Board approved unaudited financial results for Q2 FY27.
  • Proposed increase in authorized share capital from Rs. 7 Cr to Rs. 8 Cr.
  • Approved preferential issue of up to 62,50,000 equity shares.
  • Fundraising subject to shareholder and regulatory approvals.