StockWatch
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Other Textile Products
Board Meeting30 Jun 2026, 07:00 pm

Jattashankar Industries Approves 7.58 Lakh Warrants on Preferential Basis

AI Summary

Jattashankar Industries Ltd held a Board of Directors meeting on June 30, 2026, where they approved the allotment of 7,58,695 Convertible Warrants on a preferential basis to non-promoters. Each warrant, issued at ₹92, can be converted into one equity share of face value ₹10 within 18 months, subject to payment of the balance issue price. This allotment is in accordance with SEBI ICDR Regulations. The potential conversion of these warrants, along with previously allotted ones, could increase the company's paid-up equity share capital from ₹4.38 crore to ₹12.47 crore.

Key Highlights

  • Board approved allotment of 7,58,695 convertible warrants.
  • Warrants issued on preferential basis to non-promoters.
  • Issue price per warrant is ₹92, convertible to equity shares.
  • Potential equity dilution upon conversion of warrants.
  • Board meeting held on June 30, 2026.