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Incorporated in 2015, Sheetal Universal Limited is engaged in the business of sourcing, processing, and supplying a wide range of agricultural commodities.
Sheetal Universal received NSE's in-principle approval to issue 14.2 lakh convertible warrants via preferential allotment. These warrants will convert into equity shares, potentially expanding its share base. Approval is subject to fulfilling various compliance conditions.
Sheetal Universal revealed Mr. Amul Mahendra Shah and Ms. Bharti Amul Shah as the Ultimate Beneficial Owners of Abundantia Capital III. This clarifies the identity of the proposed allottee for its preferential share issue.
Sheetal Universal's board approved a ₹29.82 Cr fundraise via 14.20 lakh convertible warrants at ₹210/share, targeting promoters and non-promoters. Authorised capital will also increase from ₹12 Cr to ₹13 Cr. Shareholder approval is awaited.