Clarification16 Sept 2026, 05:30 pm
Jaihind Industries Clarifies Preferential Issue, Removes Investor
AI Summary
Jaihind Industries Ltd has issued a clarification regarding its previously announced preferential issue of Convertible Warrants. The company has removed Mr. Prasham Kumar Doshi from the list of proposed investors as he is ineligible under SEBI ICDR Regulations. A revised Annexure-I with corrected investor details has been submitted. The size, issue price (₹42 per warrant), and other terms of the preferential issue remain unchanged. The issue involves up to 2,36,48,000 Convertible Warrants, each convertible into one equity share within 18 months.
Key Highlights
- Investor removed from preferential issue due to ineligibility.
- Revised list of investors submitted with corrected details.
- Issue size and price of ₹42 per warrant remain unchanged.
- 2,36,48,000 warrants to be issued, convertible within 18 months.
Price Impact
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