Urban Tots releases Notice for Preferential Allotment of Equity Shares

​Urban Tots has issued a Postal Ballot Notice informing shareholders about an upcoming e-voting process for a special resolution.

Key Highlights:

• Purpose: Approval for issuing 6,00,000 equity shares preferentially via private placement to two investors.
• Valuation & Pricing: Shares are valued at ₹90 per share (₹1 face value + ₹89 premium), as per a valuation report by a registered valuer.
• Investment Amount: The total funds raised would be ₹5.4 crore.
• Voting Process: Conducted via e-voting through NSDL from Feb 21, 2025, to March 22, 2025.
• Scrutinizer: M/s. Chandrasekaran Associates appointed to oversee the process.
• Allotment Timeline: Shares must be allotted within 12 months from the resolution date.

The document includes detailed voting instructions, procedural guidelines, financial disclosures, and regulatory compliance requirements.