Penny stock under Rs 20 hit upper circuit after announcing 2:1 rights issue of shares; Details inside!

DSIJ Intelligence-1 / 23 Sep 2025/ Categories: Penny Stocks, Trending

Penny stock under Rs 20 hit upper circuit after announcing 2:1 rights issue of shares; Details inside!

The stock is up by 96.8 per cent from its 52-week low of Rs 8.38 per share. 

On Tuesday, shares of U.H. Zaveri Ltd surged 2 per cent upper circuit to Rs 16.49 per share from its previous closing of Rs 16.17 per share. The stock’s 52-week high is Rs 22 per share and its 52-week low is Rs 8.38 per share.

U. H. Zaveri Limited has received approval from BSE Limited for its proposed Rights Issue. The Board of Directors, in a meeting on September 22, 2025, approved the terms for the issuance of fully paid-up equity shares. The company plans to issue up to 2,03,88,000 new equity shares at an issue price of Rs 10 per share, with the entire amount payable upon application. The total value of the issue is approximately Rs 20.388 crore. This rights issue will be based on a rights entitlement ratio of 2 shares for every 1 share held by eligible shareholders as of the record date, which has been set for Friday, October 3, 2025.

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The company has also established a schedule for the rights issue. The issue will open on October 30, 2025, and close on November 10, 2025. The last date for credit of rights entitlements is October 27, 2025, and shareholders will have until November 4, 2025, to renounce their entitlements on the market. Following the rights issue, the total number of outstanding equity shares of R U. H. Zaveri Limited will increase from 1,01,94,000 to 3,05,82,000. The International Securities Identification Number (ISIN) for the dematerialised rights entitlements is INE556Z20010. Further details regarding the application procedure and fractional entitlements can be found in the Letter of Offer.

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U.H. Zaveri Limited produces and distributes jewellery products. The company offers products such as bangles, rings, pendants, necklaces, earrings, chains, nose pins and bracelets. U.H. Zaveri markets its products in India. The company has a market cap of Rs 17 crore. The stock is up by 96.8 per cent from its 52-week low of Rs 8.38 per share. 

Disclaimer: The article is for informational purposes only and not investment advice.