Urban Enviro Waste Management Capital Structure Change
Urban Enviro filed its rights issue Letter of Offer, seeking Rs 69.28 Crore at Rs 80 per share. Issue runs 4 to 18 November 2026.
- Value
- ₹69.28 Cr
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Urban Enviro filed its rights issue Letter of Offer, seeking Rs 69.28 Crore at Rs 80 per share. Issue runs 4 to 18 November 2026.
Urban Enviro Waste Management Limited received in-principle approval from the NSE for its upcoming Rights Issue of fully paid-up equity shares.
The Board of Directors decided not to proceed with fund-raising at this time. Additionally, the Board approved increasing the company's authorized share capital to ₹20 Crore.
Urban Enviro Waste Management received NSE in-principle approval for 32,00,000 equity shares. The issuance follows warrant conversions, enhancing the company's equity capital base.
Urban Enviro Waste Management Limited shareholders approved increasing the company's Authorised Share Capital to ₹15 Crore. The capital is now divided into 1.50 crore equity shares of ₹10 each. This amendment to the Memorandum of Association enables potential future equity issuances to support business growth.