UV Boards has received an approval to raise funds up to Rs 300.00 crore by way of issue of equity shares under Preferential allotment / Rights issue for purchase/acquisition of a branded plywood business subject to the approval of shareholders. The board of directors at its meeting held on June 26, 2017 has approved for the same.
UV Boards is engaged in manufacturing plywood, veneers and other products. The company's products include boiling water resistant (BWR) plywood, moisture resistant (MR) plywood, boiling water proof (BWP) Blockboard, MR Blockboard and decorative veneer.
