Univastu India Ltd shareholders have approved the preferential issuance of warrants to raise ₹16,00,22,493, with the resolution passing unanimously at the Extra-Ordinary General Meeting (EOGM) held on July 18, 2026. The company sought approval for the issuance of 18,39,339 warrants to meet working capital needs, with proceeds to be received in tranches over 18 months from the date of allotment. The issuance includes subscriptions from the promoter group and non-promoters, including directors, at a price of ₹87 per warrant as determined by a registered valuer.

The special resolution regarding the issuance of warrants to persons belonging to the 'Promoter and Promoters Group Category' and 'Non-Promoter Category' received 100% of the valid votes cast. A total of 1,05,709 votes were polled, with 1,05,709 votes in favor and none against. The remote e-voting period was open from July 15, 2026, to July 17, 2026, and voting also took place during the meeting via video conferencing.

Voting Results Summary

The scrutinizer's report confirmed that the resolution was passed with the requisite majority. The total number of shareholders on the record date of July 10, 2026, was 8,657, with 35 shareholders attending the meeting through video conferencing. The post-issue shareholding of the promoter and promoter group is expected to be 65.39% of the total paid-up capital, amounting to 2,60,74,775 equity shares.

Proposed Allotment Details

Univastu India reported a 174.23% year-on-year surge in revenue from operations to ₹109.44 crore for the quarter ended March 31, 2026, driven by the execution of large infrastructure projects. Profit after tax (PAT) for Q4FY26 stood at ₹10.33 crore, reflecting a PAT margin of 9.44%, while earnings per share for the quarter was ₹2.84. For the full year FY26, revenue grew 42.16% to ₹243.35 crore, with PAT increasing to ₹25.69 crore and an EPS of ₹6.48.

Financial Performance

The company’s EBITDA for Q4FY26 was ₹15.26 crore, with a margin of 13.94%. For the full year FY26, EBITDA was ₹14.61 crore, with a margin of 17.10%. Management noted that the Q4 EBITDA margin was slightly lower due to initial setup costs for newly mobilized sites, which are expected to normalize. Finance costs for the full year dropped by 6.59%, attributed to tight fund management and timely recovery of dues.

Order Book and Outlook

Univastu India’s order book stands at ₹1,854 crore as of March 26, 2026, representing a book-to-bill ratio of 2 times and providing revenue visibility for the next 2 to 3 years. The order book is spread across Maharashtra, Uttar Pradesh, Gujarat, and Haryana. Q4FY26 alone saw fresh orders worth ₹1,317 crore from major clients including MMRDA, Metro Line 6, and L&T Metro Line 4. Management targets a new order pipeline of a minimum ₹1,000 crore for the current financial year.

Operational Highlights

The company is transitioning from a brick-and-mortar civil contractor to a tech-driven infrastructure entity, leveraging its Class 1A unlimited license to bid for large government tenders. Strategic acquisitions and partnerships include Bootes Infra LLP for net-zero projects and a tie-up with Myrtha Pools Italy for premium sports infrastructure. The company is also foraying into niche areas like Metro BMS, tunnel ventilation, and data centers. Management stated that all contracts include escalation clauses to mitigate raw material inflation risks and targets an EBITDA margin of 17% to 18% for FY27 and FY28.