Board Meeting26 Jun 2026, 03:43 pm
Jattashankar Industries Approves 16 Lakh Convertible Warrants
AI Summary
Jattashankar Industries Ltd held a Board of Directors meeting on June 26, 2026, approving the allotment of 16,00,000 convertible warrants to promoter and non-promoter categories on a preferential basis. Each warrant is convertible into one equity share of face value Rs. 10/- at an issue price of Rs. 92/- per warrant. The conversion option can be exercised within 18 months, with 25% of the issue price paid upfront and the remaining 75% before conversion. The total consideration for the upfront payment is Rs. 3,68,00,000.
Key Highlights
- Board approved allotment of 16 lakh convertible warrants.
- Warrants issued on preferential basis to promoters and non-promoters.
- Each warrant convertible to one equity share at Rs. 92.
- Conversion exercisable within 18 months.
- Total upfront consideration of Rs. 3.68 crore received.
Price Impact
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