Uma Exports Limited has postponed its 38th Annual General Meeting (AGM) to September 26, 2026, due to administrative reasons. The meeting was originally scheduled for September 18, 2026.

The Board of Directors had previously approved the preferential allotment of 2,25,00,000 warrants convertible into equity shares at an exercise price of ₹24.16 per share. This transaction aggregates to ₹54.36 crore and involves investors from both promoter and non-promoter categories. The resolutions require subsequent approval from shareholders at the rescheduled AGM.

Revised AGM Schedule

The 38th AGM will now be held on Saturday, September 26, 2026, at 11:30 am via Video Conference or Other Audio Visual Means (VC/OAVM).

The Register of Members and Share Transfer Books will remain closed from September 20, 2026, to September 26, 2026, for determining eligibility for the meeting. The cut-off date for e-voting has been moved to September 19, 2026.

Warrant Issue Details

The warrants carry a right to subscribe to one equity share per warrant. Investors may exercise this right in one or more tranches during a period commencing from the date of allotment until expiry of 18 months from that date. Payment terms stipulate that 25% of the warrant price is payable on or before allotment, with the balance 75% due upon exercise of the right to subscribe to equity shares.

The issue price of ₹24.16 was computed in accordance with Regulation 161(1) of the SEBI ICDR Regulations, based on a valuation report dated August 20, 2026, by Mr. Murl Chhandak, a Registered Valuer.

Investor Participation

The preferential allotment includes significant participation from the promoter group alongside several non-promoter investors. Sweta Khemka and Uma Agro Exports Private Limited, both categorized under the Promoter Group, have been allotted 25,00,000 warrants each.

Non-promoter investors include Jiya Ajaykumar Gupta and Nishtha Ajaykumar Gupta, who were allotted 14,00,000 warrants each. Other notable allottees include Swapnil Kashinath Kawli and Juhi Swapnil Kawli, receiving 9,00,000 warrants each.

Regulatory Compliance

The outcome was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for designated persons remains closed until 48 hours after the submission of the Board meeting outcome.

Uma Exports Limited has entered into a joint venture partnership with M/s Kota Dall Mill to establish Urjahaar Foods, marking a strategic expansion into the fortified nutrition sector. The Board of Directors approved the proposal on August 01, 2026, authorizing a capital contribution of up to ₹49,00,000 in cash and/or in kind. This move allows the company to diversify its portfolio by targeting institutional, government, and retail markets with recipe-based, micro-nutrient fortified food products.

The joint venture structure designates M/s Kota Dall Mill as the First and Managing Partner, holding a 51% share in profits and losses, while Uma Exports participates as the Second Partner with a 49% stake. Consequently, M/s Kota Dall Mill will manage the day-to-day operations of the partnership firm in accordance with the Joint Venture Agreement. The arrangement is not classified as a related party transaction, and no promoters or group companies hold an interest in the new entity.

Urjahaar Foods is proposed to be constituted under the Indian Partnership Act, 1932, focusing on the manufacturing and supply of supplementary nutrition and extruded food products. Key target customers include institutional buyers, wholesale distributors, and specific government bodies such as the Bihar State Milk Co-operative Federation Ltd (COMFED/SUDHA). As a newly proposed entity, Urjahaar Foods has not yet commenced business, and therefore details regarding turnover or size are currently unavailable.

The Board authorized Mr. Manmohan Saraf, Director of the Company (DIN: 07246524), to execute the Joint Venture Partnership Deed and complete all necessary statutory and regulatory formalities. The transaction is expected to be completed within 15 days, subject to the execution of definitive documents. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Joint Venture

Strategic Implications

The entry into the nutritional food processing sector represents a diversification strategy for Uma Exports, leveraging the expertise of M/s Kota Dall Mill in managing operations. By targeting government and institutional supply chains, including COMFED, the joint venture aims to secure stable revenue streams through large-scale procurement contracts. The limited financial exposure of ₹49,00,000 allows the company to test this new market segment with controlled risk, while the 51% management control held by the partner ensures operational efficiency without requiring direct managerial oversight from Uma Exports.