Corporate Action11 Sept 2026, 09:50 pm
Jaihind Industries to Issue 2.36 Cr Warrants at ₹42
AI Summary
Jaihind Industries Limited announced its Board of Directors has approved the issuance of up to 2,36,48,000 Convertible Warrants at a price of ₹42 per warrant. These warrants, with a face value of ₹10 each, will be offered to both promoter and non-promoter categories, subject to shareholder approval. Each warrant is convertible into one equity share within 18 months of allotment. The company has also scheduled its Annual General Meeting (AGM) for October 11, 2026, to seek member approval for this preferential issue.
Key Highlights
- Board approves issuance of 2.36 Cr convertible warrants.
- Issue price set at ₹42 per warrant.
- Warrants convertible into equity shares within 18 months.
- AGM scheduled for October 11, 2026, for shareholder approval.
- Offer open to both promoter and non-promoter categories.
Price Impact
More from JAIHIND